Martha Stewart Living
Sew a line of stitches on ribbon ends to avoid fraying, and then sew ribbon into desired pocket size.
Insert present, and close with velvet or gauze ribbon. If using felt to make the wrap, sew two pieces together into the shape of a pocket, then make scalloped edges with pinking shears.
Tie with a bow, and attach a personalized note.
Wide grosgrain ribbon
Compact discs, blank books, pencils, or diaries are ideal items to offer in these attractive pockets that can be saved and used as protective coverings. Use odd bits of ribbon (wide grosgrain works well) or felt for these gift wraps. If using ribbon, determine the amount needed by the size of the gift (allow about twice the length of the gift).