I just found this tutorial about an hour and a half ago while I was surfing the net. Here is the link.
I pulled out my small supply of scrap booking paper, my buttons, my stash of tiny glass beads, my floral wire and proceeded to make two of these in less than an hour. They were fun to make. I substituted buttons for the big beads in the tutorial. I don't have a supply of big beads. The buttons worked fine. If I were going to make these to give as gifts I would definitely use Christmas papers and get some big beads to give them lots of bling. These are done in my favorite colors of pink and green. These would also be fun in some one's school colors.