Abstract: A handbag is disclosed comprising pouch with a flap, a pulley drawstring means, and a fulcrum means. Preferably the drawstring runs in a continuous circuit through the edge of the flap and the fulcrum means. Opening the flap pulls the drawstring in one direction; pulling the drawstring in the other direction closes the flap. A preferred fulcrum is a pair of loops, one on each side of the handbag. Balancing loops above the pulley loops and one or more tension loops between the pulley loops and the balancing loops are optional. This same invention may be applied to a backpack.