Here's an interesting piece from Propper, with some pretty specific uses. This padded, zipperable case is marketed as a pistol carriage case, and here's what I thought of it. Constructed of durable Cordura material on the outside, and with a quality zipper set along two and a half of the three sides, the case is both well put together and well presented. A leather foot fits along the base of the zipper, to ensure it remains secure and adds to the overall finish of the piece. This is the Propper Pistol Rug.
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Living in Melbourne, Australia, its rather difficult for a regular citizen to own a handgun; not impossible, but there are a lot of red tape to get and then maintain the appropriate licenses. I've not gone down that path, but I do have a reasonably good mock-up training tool at my disposal. This solid aluminum cast of a Walther P99 gives a decent look-and-feel. You can see that you can also carry a reasonably big knife like my Super Colubris in one of these too, to the same effect. Both are contained nicely by the bag and can take a fair amount of abuse before the tools contained slip around and reach an edge, away from the padding.
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When filled and zipped, the bag will slip nicely and inconspicuously into the bottom of a pack, again without silhouetting or drawing unnecessary attention to itself. With no other external features other than the logo, it's stealth without LOOKING like it's stealth, which is perfect for the casual carrier. Security through obscurity.
[Late note:] I managed to swing a play with one of these simulation/training Glock's this week and the Pistol Rug seemed to work perfectly. I managed to stop myself from wandering off with the pew pew toy and thus will live to play another day.