Tip your hat to your favorite graduate with a little gift (or a little cash) in a mini mortarboard box. To make, start with a small, round balsa-wood box, then cut a 4 1/2-inch square piece of card stock in a matching color. Punch a hole in the middle of the card stock with an awl, pull a tassel through, and tape it down. Secure the paper to the box top with double-sided tape.
Mini round balsa-wood cheese boxes, $1.75 each, factorydirectcraft.com
Lettra paper, 220 lb., 8.5" by 11", in Pearl White, $2.25 a sheet, paperpresentation.com
Fine metallic tassels, 3", $10 for 3, mjtrim.com
Ribbon tassels, 4", in Peach, $8 each, tasselandpom.etsy.com