Here's what the card looks like when the card is put in the present. Just pull on the little tag and out it comes! To make the present, you just need a 4"x8" piece of patterned paper, fold it in half and secure it along both sides. You want the adhesive just along the outside edge so you have as much room as possible on the inside. Take a 1 3/8" Circle Punch and punch out a half circle at the top. Take an 8" strip of ribbon and wrap it around the present horizontally in the middle with the ends meeting in the middle front. Then take another 8" piece of ribbon and wrap vertically and tuck in the front and back. This covers up where your horizontal pieces meet. Now just add a bow.
For the card itself, I used a Scallop Circle die which is retired but you could use the 3 1/2" Circle die and then use the 3" Circle die for the front layer. You will need to cut the small strip of patterned paper with the 3" Circle die as well before attaching it. Make sure to attach as close to the outside edge as possible. The Multipurpose Glue works great for this.
Here's what you will need to duplicate this card:
Stamps: Mixed Medley (Holiday Catalog Hostess) & More Merry Messages
Inks: Gumball Green & Cherry Cobbler
Paper: Cherry Cobbler, Very Vanilla, Gumball Green & Be of Good Cheer
Designer Series Paper
Other: Cherry Cobbler Baker's Twine, Cherry Cobbler Seam Binding, Circle
Dies, 1 1/4" Scallop Circle Punch, 1" Circle Punch, Oval Punch, Scallop
Oval Punch, 1 3/8" Circle Punch