Image: REEL
How's this for versatility?

Reel by Yeongkeun Jeong (in collaboration with Aareum Jeong) adds often much needed storage by transforming a bike's frame into a basket.  To create the "basket", silicone stickers are affixed to the frame and elastic bands woven between them.  The Reel can be customised as required by the user and easily removed if necessary.