I'm really smitten by these quilted potholders. They're designed to fold around the handle of a pot, with a leather strap to keep them secure (and to stash them on a drawer handle when not in use). And perhaps these could be a good DIY project as well?
Each side is 4" wide and 3.5" tall. Leather strap is 6.5" long. Made in Japan. Yellow, tomato, natural, or dark grey.