This one is my second iteration of the red and white 1475 bag from a few weeks ago. The sail is much softer and the top material is much stiffer, so this one does not stand up on its' own. It's probably also not as water-resistant, but it does have some spiffy topstitching along the upper edge.
I also figured out how to get the rope through the grommets more easily. You put tape on either side of where you want to cut the rope. Then you melt the raw end so it doesn't fray. I had been leaving too long of space between the tapes.
At the boat shop, where I got slightly thinner and more colorful rope for next time, they have an awesome heat cutter. There's a heated flat blade and you just pull the rope down on top of it and it melts right through like a hot knife through butter. They use a wide piece of tape and just cut straight through rope and tape in one shot. Some day... for making butter slices when I open a fancy B&B.