I made three special projects awhile ago (with my wonderful zutter). They are envelopes bound together to hold letters to children.
I stuffed the envelopes with pre-printed stationary reading, "A letter from Mom/Dad on your first birthday" from 1 all the way to 18.
Made them for my friends Katherine and Drew (who are adopting, so the usual Baby's First Year album just doesn't work), Kirsten and Rich, and Cory and John (all of whom just celebrated first birthdays with their little ones).
They were so fun to put together and I know that years from now the kids will love them!