My crafting group of ladies got together a few weeks before Christmas and made a bunch of note pad holders using the Stampin' Up! empty cases (you can also use CD/DVD cases). We also made matching ink pens (the ones where you can open them and insert matching designer paper into the shaft of the pen and screw it back together).
I made six - one for each of my coworkers; stuck a Target gift card in the inside pocket; then packaged them up with a White House ornament (I get them ornaments every year).
Then I put everything in these cute little Santa britches I found somewhere after Christmas last year for a bargain (been holding onto them all year).