First you create the outside of the card holder by taking a 4 3/4 x 6 inch piece of card stock, folding it in half and glue a decorative piece of card stock on top of that that is 4 1/4 x 6 inches and fold in half.
The inside is made from patterned paper that is 11 1/2 x 4 1/4. You fold this piece in half with the pattern part of the paper on the outside then you fold the sides up like this.
Ok, so now you need to cut a little design on the fold (this is where the gift card is inserted into). I have a coluzzle that I used to make it, but you could easily just make your own template, trace it on and then cut it out.
Now you just need to make the little band that goes around the outside of the card. I made it by taking a 1 1/2 x 7 inch piece of card stock and folding it around the card and gluing the ends together. You don't want to glue it too the card because it's supposed to slide off. Then I took a 1 x 7 inch decorative piece and folded it around the card stock. You can decorate it however you choose, I had some little paper flowers that I put on with a brad in the middle and ta da you are finished!!! Aren't they cute!!!