Another homemade baby item I've made recently are some cute "tagged" crinkle squares:
I basically followed this tutorial from Joy's Hope, which was super easy. Instead of a wipe's package, I actually used the wrapper from microwave popcorn (which thanks to the guy's thoughtful Christmas gift I no longer have to eat) for the "crinkle" lining of my flannel squares. I used a variety of ribbon and rick-rack to add color and texture to the squares as well. Fun!