This is such a fun project!! It makes a great card to include in a gift bag--the envelope is an art project in and of itself--so very cool!! Theresa Momber wrote a great tutorial for this project. It is very easy to follow her instructions and the end product is so cool.
I used the Schooner set and the Old World Background stamp, both retired from Stampin'Up! I stamped them in Night of Navy--sponged the edges--stamped the ship and cut it out--added some color using my colored pencils--attached some ric-rac--and then finished it off with a brad. The card sleeve is also stamped in Night of Navy and sponged around the edges. I also used a decorative corner punch in each of the corners.
I love this project--I think you will too!!