Thanks, Larry. I tried to find something on it, but nothing looks exactly like it. I've never seen one before but it looks an awful lot like a bagworm chrysalis. The purple berry looking bits appear to have eggs in them, though. I'll keep researching and if I find anything out I'll post it.
Kelly, I agree that it does look "bagwormish". They build their "houses" from the plant on which they are feeding, and they usually prefer evergreens. On occassion, I have seen them leave their initial host for "greener pastures". Was this one near an evergreen having foliage like that case?
No, it was in among a water garden. I'm not sure what this plant is, some kind of white butterfly bush. Definitely there to attract butterflies, and the monarchs were all over it. At first I thought this was a butterfly or moth chrysalis, but after a little research, I don't think it is.