Christmas Pennant Swap

A close group of paper craft friends and I decided to a pennant exchange for the Holidays. Unfortunately because they were all coming from the US, I only received them the 2nd week of January! I decided since I wasn't going to string them, that I'd make a little book from them all. I made the front and back covers a bit larger out of recycled cardboard and decorated it with the name of the group. Here are the pennants I sent out for the exchange along with the photos of the little book I made.