Abstract: A bag for storing small objects such as stretch cords, tie downs, bungee cords and the like, that are used in personal, occupational, recreational and marine pursuits. The bag may be made in an appropriate size and color so that it is capable of being used as a warning flag for attachment to objects to call attention to them, such as on a long load or the like. A rigid header bar is attached to the storage bag along an upper edge thereof to maintain the shape of the bag, especially when it is used as a flag. A handle is attached to the rigid header bar to carry the combined flag and bag, and hook-receiving openings are formed in the header bar for attachment of a handle or tie-down straps to secure the combined flag and bag to an object.