I know, it doesn't seem like much, but they were so lovely to make, and the girls learned the blanket stitch in the process (in the photo below, E made the one on the left, and A made the one on the right), and they fit my criteria of functional and purty at the same time. I also got to dip my toes into the waters of embroidery on a very very small scale.
We use clothes pins to hang everything around here - kids' artwork, poetry, photos, Christmas cards.
I also had these awesome gnome stickers that I'd been holding onto for years, and they made a nice set for my sister - I imagined her hanging her Christmas cards from them...I used modge-podge to affix them to cereal-box-weight cardboard before cutting them out and gluing them to the clothespins.A smaller set hangs above the counter in the kitchen, holding some old family photos.
There you go! A simple project that makes a nice hostess gift, or small token, easily sent along in the mail, and simple enough for the kids to work on as well...Eliza even made a few and attached ribbon to make ornaments.