And yet another genius way to reuse those magazines that have been cluttering up your shelves. Bows. Pretty bows for any occasion.
For detailed photographic instructions, pay Papernstitch a little visit.
Image: Papernstitch
Other creative wrapping ideas:
Green Ideas: Recycled Wrapping
• Green Ideas: Fabric Wrapping
Dirty Little Secrets of Tidy Families
Hillary & Michael's Refined Roost
Good Food to Share 
The Big Book of Small, Cool Spaces 
Apartment Therapy Presents 
The Eight-Step Home Cure 
Nomade Express Slee...
How To Cook Fluffy, Tasty Quinoa
Summer Cocktail Staple: Campari & IPA Spritzer
I like this tutorial better...
http://howaboutorange.blogspot.com/2009/10/make-gift-bow-from-magazine-page.html