This is a really simple, fun idea that I make as graduation gifts. I make the graduation hat (folded like class notes we used to pass to friends in school, long before texting existed!) from paper money, could be $20, $50 or $100 bill. I create the tassel with embroidery thread of the university school colors of the graduate. And put it together with a tiny little brad. Then I package it in paper source petal envelopes. Too cute, and very personal.