Hi, I went to www.google.com and clicked on images and then typed in 'cereal box purses' and a couple came up with pictures.
Hope this helps.
The cereal purses are fairly easy to make. I got the instructions from http://www.wackysack.com and had no problems making one. The instructions were fairly easy to follow and had plenty of pictures to help explain.

Another place is http://www.wackysack.com This pattern is to sew them together not using any glue. I hope this helps.
I`ve heard a lot about making purses of cereal boxes, etc. If you go to one of the many crafting sites; you might get instructions. Try, for one, http://www.craftsandmore.com
Good luck.
P.S. I`d love to see one made up!
This is slightly different to what you asked but......
if you cut the top of a large plastic fabric softener bottle and using the bottom, cut holes near the top either side to form "handles" you will be left with a template to decorate, as a small boxy type bag. you could use beads, fabric, pictures, photos or whatever you like to decorate!
Not sure I've explained that very well, but your request has been lonely for a while.
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