This was a project that was demonstrated at the Louisville Regionals. This is my take on it. You will need to have a 12 X 12 sheet of designer series paper or a 12 X 12 piece of stamped cardstock, sticky strip, ribbon and cardstock for embellishing the front.
Step 2: Fold on your score lines and adhere down with SNAIL adhesive.
Step 3: Score at 3 1/2" and at 8 1/2"
Step 5: Fold over other side and adhere down with SNAIL adhesive.
Step 7: Score at 4 3/4" and 5 1/4". It will be scored at 1/4" on each side of your center fold line.
Step 9: Add a piece of sticky strip in the center of your bag. I find that if you add a small piece it allows your bag to remain open a bit and it will stand better. A little piece will do it.
Step 11: Use a punch to make holes to thread your ribbon through. I used the horizontal slit punch, but the 1/8" hole punch will work as well. I find the ribbon lies nice and flat with the horizontal slit punch holes