The TGT Wallet (pronounced like "tight wallet") is a great new wallet that sports a part-leather, part-elastic design. The leather is of the soft Italian variety and the elastic allows for all kinds of colorful choices to pick from. It's also very compact, despite being able to hold quite a lot of stuff. The elastic band can even snugly hold your iPhone.

Head over to the TGT Store and check out the variety of styles. I'm partial to the Americana 2.0, myself.