Newegg offers the Timbuk2 Plush Sleeve for iPad in Grey/Cold Blue, model no. 248-1-2211, for $0 via the steps below. With $1.99 for shipping, that's the lowest total price we could find by $20. It features Velcro closure. Rebate expires July 4. To get this deal:

1. View the Timbuk2 Plush Sleeve for iPad for $11
2. apply coupon code "EMCATPA73" to cut that to $5
3. redeem this $5 mail-in rebate for a final price of $0