My girls love fancy dress-up skirts and dresses made from tulle but by the time they outgrow them the tulle is usually too "raggy" to hand down. I glean the good pieces of the tulle as well as any sparkly accents to use on gifts. Simply wrap your gift in plain white tissue and dress it up with a tulle bow, a sparkly band, etc. I have used this idea for weddings, baby showers, and birthdays. Many people have commented on my "deluxe" gift wrap and, a little accent goes a long way.
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Wedding gifts are fun to wrap, but can be expensive. I wrap the gift with beautiful material I picked out from the fabric store. I also buy tulle to wrap over the fabric. Then I tie it up with a fabric ribbon.