These make great party favors, stocking stuffers, little things to tuck in with a birthday card, whatever. Make them bigger and you can use them as journals.
Gather your supplies:
2" x 5" cardstock (dark red)
2" x 5" decorative paper (this is optional, I used a pink swirl)
several sheets of 2" x 1 ¾" paper for the inside pages of your book (my stapler could handle about 15)
scoring tool (I used a steel crochet hook because it was handy)
From one end, score your cardstock at ½". From the other end, score at 2" and 2 ¼". Fold up at the ½" mark, nestle your inside pages there, and staple.
Yeah, I gotta get a new stapler. The stapler is the easiest, fastest way I can think of (if you have a stapler that works, that is), but there are many alternatives. You could do two eyelets with a ribbon, you could do a Japanese bookbinding technique, whatever will hold all those pages in. Just depends how fancy you want to get, and how much time you want to take.
Apply glue along the flap with the staple, then stick on your decorative paper. You can skip this step if you don't mind the staple showing, I just felt compulsive that day, and the kiddies were glueing and sticking right beside me, so I didn't feel rushed.
Turn the whole thing over, apply glue all along the back, and finish making it look pretty.
Don't really know if I'm explaining this well in words, it's not at all complicated, just look at the pictures and hopefully it makes sense.
Flip it back over, fold on the remaining two lines, and ta-dah, you're done.
Well, wait, not yet. You've got to embellish!
They're really fun to make, what are you going to put on the front of yours?