Grace oversize gift tags with ribbon pockets or turn wide ribbons into pouches. Either can be attached to a package or presented on its own.
Purchase precut tags with grommets from a stationery store. Cut a 3 1/2-inch length of wide fabric ribbon. Fold each cut end under by 1/4 inch; glue. Sew bottom and side edges to tag to form pocket. Tuck gift inside.
Fold a 14-inch-long piece of 3-inch-wide fabric ribbon in half, wrong sides facing. Iron along fold, and pin. Sew up long sides. Trim edges of open end with scalloping scissors. Slip gift inside. Knot a bit of ribbon or twine to secure.