Make gift tags out of junk mail! What a good way to save $ and have an afternoon of fun with the kids. First save some colorful junk mail mailings and envelopes with plastic windows on the back.
To make personalized gift wrap for Mom's, Dad's and grandparents use a common brown grocery bag. Cut along one side in the corner crease to the bottom of the bag, then turn and finish cutting out the bottom of the bag leaving a nice rectangle sheet of paper.