This things are crazy simple to make and really are very pretty favors. Plus, you can't say no to free.
I had these little books of card stock papers. You can find them in the paper aisles of most craft stores. Usually I use these as bases for my cabochon necklaces, but I figured it would work well for this too and I had a few too many booklets.
Anyway, if you take one of the card
stock and fold it in half it's the perfect size for little note books. I then took about 7 pieces of blue paper, which I had a ton of left over from out wedding invites, and folded them in half long way, then shot way, or hot dog and hamburger. I cut them in half, stuffed them inside of each other, stuffed them inside of the card stock and stapled them down.
What you get is something like this:
Feel free to ask questions, leave comments, etc. I"m always up for a chat!