First up - mini notebooks from a cereal box from Creme de la Craft. Natalie specialises in upcycling everyday objects into beautiful things. If you ever get the itch to make something, her blog should be your first stop. See the full instructions here.
Second but no less wonderful - paper bag baskets by Sarah Lipoff of Popsugar. This is what I'm going to use next time I need a gift basket. I love pretty gift wrapping but I like it to cost less than the gift! Read the full instructions here.