This is an envelope punch board project by Patty Bennett and she has a video tutorial that can be found here: http://www.pattystamps.typepad.com/pattys_stamping_spot/envelope-punch-board/
Each envelope holds a gift card or money. For my project I used the Stampin' Up All Is Calm specialty designer series paper pack and the following Stamps and dies.
Lost Lagoon, Pear Pizzazz and Smoky Slate Ink Pads.
Ornament Keepsakes and matching Holiday Ornaments dies.
Festival of Trees and matching Tree Punch and the Itty Bitty Accents Star Punch.
Close To My Heart:
Santa Claus stamp set and (Cricut) Artbooking Cartridge
Thanks for looking. Merry Christmas!