I don't make a lot of gifts other then calanders and regular ole photo books but the kids and i do love making ornaments!!! Here are some we did last year!!!
Wishing Spool
Mice Ornament
Filled Glass Ornaments I usually use the big books of coordination scrapbook paper for this and roll it up to make it curly. You could totally print digi papers on cardstock and use that
Santa Lightbulb
These would make nice gifts and I often give these type of gifts to the bus driver and the kids teachers, they all seem to love them!!!