I can't take credit for coming up with this one! Thanks to Dawn Olchefske for the great idea. She's got a tutorial here, if you want to learn how to make it. The only change that I made to the design is that I used 4" x 4" pieces of designer paper. The original used 3"x3" pieces, so it's a little smaller. It's not as hard as it looks!
Stamps: Perfect Punches
Cardstock: Real Red, Lucky Limeade, Candlelight designer series papers, Whisper White
Ink: Real Red
Other: Button (I used an ugly one for my sample...use a pretty Real Red one on yours!), Real Red grosgrain ribbon, LOTS of Sticky Strip tape.