Last year I made four sets of simple, beaded earrings for my amazing and fun coworkers.
Rather than wrapping each set or hunting for teeny, tiny gift bags I opted for four paper mache boxes.
Each of these I painted with white distress stain before using distress ink to color the edges and corners. I stamped a sentiment on the sides and a related image on the top of each of the boxes.
Then I punched two holes in the sides of the box lids and wound twine/ribbon through the holes so that each box had a bow, but could be "unwrapped" by just removing the box top.
Finally, a custom cut insert held the earrings for pretty presentation.
Best of all, because I'm like most of you and have on hand oodles of supplies and art stuff, I only needed to purchase a package of bead caps: This entire project cost less than $5!