From Nap Time Journal Christmas tags.
I made my tags out of circle chip boards (found at any scrapbook store), covered them with scrapbook paper, I punched a large whole at the top and added an eyelet, then punched small holes around the circle. I printed out on paper sack paper from my computer the Three gifts of Christmas and glued it on top the scrapbook paper. Added a few buttons. I then mod podged the front, let dry and I then sewed embroidery floss around the edges for extra detail. Tie a piece of rick rack to the top and there you have it, tags that can be reused every year as part of this wonderful tradition.
To see the rest of this fun post, check out her blog at http://naptimejournal.blogspot.com/2009/11/3-gifts-of-christmastags.html