I may not have a crafting bone in my body, but I still know how to appreciate geeky crafts when I see them!  In this particular case, Lord Libidan used some yarn, plastic canvas and magnets to create a fully transforming Optimus Prime.  You can see both configurations below but if you are good with crafts and want to make one of these for yourself, Lord Libidan is selling the pattern to this on Etsy for $20.

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[Source:  Etsy via Geeks Are Sexy]