I got bored and tried making something, hope ya like it.
I used the album sleeve of an old record I got at the Local Peddler's Mall for 25cents.
To make this you will need:
A record sleeve
Mod-Podge (or any decoupage glue)
A brush to apply the glue
Some collage paper or tissue
A piece or string or ribbon
An exacto knife
All you do is use a ruler to draw out the lines of where you want your pictures to go. You can make all different shapes and sizes. After you have drawn them out use the exacto knife (very carefully I might at, because you don't want any casualties) to cut along the lines. I would put something hard inside the sleeve so you wont cut through both the front and the back of the sleeve. Then I cut the top and bottom of the sleeve so that it opened up like a book from the left side. I used decoupage tissue to decorate the frame of where the picture will be but i suppose that would be all up to you. I used photo corners (for scrapbooking) to hold the pictures in because they won't come off and that means i can change the pictures without having to re-attach them. So, just stick your photo corners at the corners of where your picture holes are on the back inside part of the sleeve. Then all you have to do is make holes at the top to run your string/ribbon/whatever through both sides to hold it together and to hang it and ta da*!