Read my major update below...
I've started a project of designing 10 gifts that will all fit in a recycled Altoid Box. Since most of the gifts will be jewelry/beading in nature, I didn't know if I should post here or in the jewelry area. Since the project will be a Christmas gift for my daughter, I decided to post here. Anyway...
So far I've got the prototypes for a Christmas ornament that folds so it fits into the box, and a tiny picture frame. The pictures aren't professional, it's late at night and I don't want to get all my photo equipment out....so I just took some quick pictures.
As you can see, they still need a bit of tweaking to look nice, but the basic designs are there. I'll post again when I've made some more progress.
Wire and Bead Photo Frame:

Wire and Bead Foldable Christmas Ornament:

Major update:
I've been busy! Below are the 6 gifts I have so far: foldable ornament, ribbon bookmark, barrette, photo frame, tiny photo album, and a plant pot decoration.

Here's a close-up of the tiny photo album. It's about 1 3/4" square. I used recycled envelopes for the pages.

My hand-made beaded barrette:
