We did Secret Santa for Christmas this year, and I drew the name of the littlest one. I though long and hard about what she would want and decided that since she loves attention (see her bid for it here: http://www.mommyschool.net/creepy/), I would give her a set of coupons she can use throughout the year.
I used these pre-printed cards with envelopes available from Michael's as the cover. You can also make your own. Just cut a 5.5" x 8.5" piece of cardstock and fold it in half.
Use our template (attached below) to create your own coupons. My coupon book had 10 coupons or 5 printed pages. Too many pages will make it hard for the stapler to go all the way through.
Cut the coupons with an small extra edge so that the finished rectangle is a little less than 5.5" x 4.25". The thickness of the stack of coupons will make them stick out a bit if you cut it exactly that size.
Staple the coupons on top, but do not staple through the cover. This will ensure that your child can open the cover easily.
The two staples should go as close to the top as possible without overshooting the edge of the paper.
And you are done! A great gift.
There are two files attached. Family Coupon Book Blank is blank on one page and has sample text in the second page. The PDF is editable if you have Illustrator, or print a few copies of the first page and write in your ideas. The second file has our original file with the coupons I made for our kids. It includes silly inside jokes which makes it more fun.