High on my list of possibilities are embroidered lace bookmarks (in school colors, of course!) My favorite is this one:
but it takes a ton of thread!
I made a couple like this for Easter gifts:
but they seem a little small. (Do love the little tassel, though, which looks "real" after the WSS is soaked out...)
Since it's next week, I've got a little time to design & stitch out. I think I'll start working on the "Thank You" cards. My mind is leaning towards hitting the Scrabble board again... (I loved doing these two... One for a teacher's b-day & one for a bridal shower.)