My husband printed some wedding invites a while ago and had some “overs”. They were printed on fabulous feeling, very thick paper and had a fun design on them. I love when something can be upcycled!
Here are the supplies I used.

scrap paper, hole punch, black/white bakers twine, paper punch

bakers twine and various paper punches

Here's what the press sheet looked like after I had my way with it with the paper punches.

Tags after I punched 1/8" holes in the them and threaded with bakers twine.

These tiny guys are my favorite.
Here are a few of the tags in action.

Tag attached to gift with japanese washi tape.

If you don’t have any one-sided scrap paper (say an image from a magazine) you could always run your scrap through a Xyron sticker maker, stick it on a solid piece of paper and then punch it with your paper punch.

Click on image to visit the Tinted Mint site
Oh!, my little heart is beating fast! I just discovered a new source for my beloved Japanese washi tape. I do adore this stuff! All by itself it makes me swoon, but add in a great price, FREE shipping (on orders over $40) and 15% off your first order (when you sign up for their newsletter) and I’m in heaven.
I’m completely enjoying my japanese washi masking tape. Here area a couple of ways I’ve put it to good use.

The tape in action making my label folders pretty.

An added touch to a package.