Handmade paper stockings are a departure from the envelopes often used for money and gift cards. Draw a template or use our template, and cut out; trace onto patterned paper. Place a second sheet under first, wrong sides facing; sew together, just inside lines. Cut out with pinking shears, leaving a small border. Decorate tops with paper or ribbon, securing with double-sided tape. Glue a ribbon loop inside.

These would also be great to create an advent calendar!
I think this would be a wonderful idea for kids to make for family and friends, you could change the design just enough to actually make Christmas cards from the template. I am going to use this idea next week for my scrapping/paper craft class for the kids.