Double Upcycling

A few years back (in 2010) I did some experiments with knitting and fulling stuff in the washing machine. One of those experiments was a bag I'd knitted using Cascade 220. I finished the bag (sort of), but never was really happy with it, or actually used it.
A few weeks back, that old bag fell into my hands, and I thought about giving it - or at least the fabric - a second life. As coasters.

I cut out circles and thought about doing some stitching on the borders, but then the remnants of another project fell into my hands. It was my first attempt on a rug for my bathroom from last year, using old t-shirts I've had braided into a long cord. I still had a couple of meters left, and as I used rather narrow stripes back then, the width of the cord was almost exactly equal to the thickness of the fulled material from the bag.

I hand-sewed the cord to the circles I've cut out from the bag and got lovely coasters for my summery drinks (which, by the way, is my home made rhubarb syrup - super yummy. I definitely need to make more)
So these coasters are using material from two old projects, one of them already an upcycling project. Hence double upcycling. Or upcycling the upcycling ...?