I figured out a simpler way to make this treatholder using our new Fresh Prints DS Paper Packs (which are 4-1/2" x 6-1/2") and the Envelope Punch Board. 

Tags 4 You stamp set; Real Red inkpad; Pool Party cardstock;  Silver Glimmer Paper; Label Bracket and small Heart punches.

I scored the long edge at 1-1/2", 3", 4-1/2" and 6".  The short edge is scored at "1 and 3-1/2".  I then used the Envelope Punch Board to punch holes along the intersecting lines.  Similar to the Christmas Crackers that many of you have made but I found this simpler and it looks more like a candy wrapper!