There are so many variations of this cute little bag, so play around with it! I originally got the idea from Diana Gibbs' blog. This is one of my variations for Christmas.
Background paper, cardstock in coordinating color, glue dots (or other adhesive), tape, scalloped scissors, 5/8" circle punch, 1" circle punch, bitty rhinestones, grosgrain ribbon, focal stamp of your choice, coordinating stamp pads, hole punch, paper cutter, and scoring tool.
If you are missing any of these tools, many of them can be improvised!
Cut a piece of cardstock 4 1/2" x 4 1/2" and score 1" in from every edge. Then turn the cardstock so the point is down and score all the corners...
Crease your box on the 1inch score lines and bring the corner scores in...
Tape the flaps inside and outside (don't worry about tape showing, you'll cover it up).
Cut a piece of background paper 6" x 11" (or taller than 6" if you want a taller bag). Add glue dots along the bottom of the background paper and wrap it around the bottom edge of the box. I like to start my background paper in the middle of one of the sides of the box so the seam will be at the back of the bag when I'm finished.
If there use glue dots or another adhesive to hold the seam together. If the seam is uneven at the top of the bag just trim it at an angle to even it out.
Now you need a strip of cardstock 11" x 1" with one edge cut with scalloped scissors. (You can go wider than 1" if you'd like). I like to cut it 2" and then cut it in half lengthwise with my scalloped scissors, leaving me with two 1" strips. Stamp the strip to give it some interest if you'd like, then wrap it around the box like you did the other paper.
Stamp your focal image and embellish as desired.
Use glue dots to secure the 1" circles at the top. You don't need them, but it adds a nice curve to an otherwise straight-across top of the bag. Punch a hole in the top of each circle and threat your ribbon through. Viola! You have a cute gift bag that's a gift in itself!