At the Regional last year we made the bag below (back right). It uses the Every Moment Stamp Set, the Fancy Favor Die, and was coloured using blender pens. I decided to use this for class I held last week, but of course I had to add a few more items that carried the design through.
The bag is made using two Fancy Favor Bags cut from the Fancy Favor Die from Stampin' Up! Make the base bag up as normal. For the top bag cut off the bottom pieces and turn upside down and slide over the base bag - Voila.
The image is stamped in Staz On and coloured using Baja Breeze, Old Olive and Soft Suede Ink and blender pens.
I also made up a little 2.5" square box using the same design. The edge on the lid is done simply by using a strip from the top of cardstock cut using the Fancy Favor die and attached around the edge of the lid.
Finally I had the ladies make 2 small notecards. These cards use a panel from the Fancy Favor Die.
All items were spritzed with Soft Suede.