The nylon straps do away with ugly bungee cords--and the nylon is strong enough to hold a six-pack of beer. (But what about two six packs? C'mon, Faris!). The bent wood is five layers thick, made with vacuum forming. (It actually looks a lot like the Eames-designed leg splint  we love so much.)
Currently the basket is available by order through Elmasu himself. But there's a patent pending--so maybe mass production will come sometime soon?