For this project I take a big stuff sack and make it half size and convert it to quick set mode as well. This is the CuteQueen trading hammock bag from Amazon...

The person I built this for saw the "quick setting bag" from TTTM Hammocks and wanted a similar setup. Basically the bag hangs on the tree partially suspended ready to be pulled out and set up on the other tree. Then the bag never gets lost because it becomes a sleeve. The sleeve can be stuffed with more ease than the TTTM unit because you can reach though it.

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Can be used as a sling for pack attachment or carrying
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