Have you seen the pillows from the upcoming Missoni capsule collection? One with ripples (Passione Loops) of what looks to be felt seemed the perfect way to top a gift box (and reuse scraps of paper too). Decorative pillows have actually been incredibly inspiring in general (look for more on that soon) when it comes to gift wrap. For this, simple strips of construction paper was used and tacked down ribbon candy style on the diagonal using hot glue.
For more gift wrap looks see my gift design inspiration area of the blog right here.
Image: mam for Gave That