Punch Pal Bags
It uses the top note die (from the Big Shot) for the bag topper and a small strip of Designer Series Papers. The bag is one of Stampin' UP medium cello bags. It also uses the stamp set Punch Pals (which is on special in a cute bundle, check it out here). The tags were punched out with Stampin' UP!'s co-ordinating tag punches.
Christy, a demonstrator in my group from Burlington, made this super cute adaptation of the bag in the blue colours.