Not sure if this is what you're thinking about, but the Walmart near me sells "ornament kits." I made a "Birthstone Angel" ornament for my boyfriend's parents and am making moose ornamens all from kits. They're $2-3 a kit (the angel is just one but the moose come in fours) and not hard to make at all.
This past summer, I took up "quilling" - which is where you work with long, slender strips of paper and a needle tool and wrap the paper strips into coils, which you then can glue into different shapes and configurations to create designs.
Some people use a line drawing as a template, and just fill the areas with the coils in different colors to create a flat image, and some - like me - arrange them into designs (like snowflakes and colorful medalion type things). There are also techniques to make 3-D flowers and stuff, and it's fun to make little paper pots filled with little paper flowers. So sweet.
It's very intricate work, if you like that kind of thing, and a fairly inexpensive craft. I like this place to order my supplies and tools: http://www.quilledcreations.com/, but a google search will bring up some other places. Some craft stores also carry the supplies, but I've found the selection to be pretty limited at the ones around here, and prefer to order online.
I make cigar box purses...they are fun and easy! You can buy lots of five or six boxes for a good price (around $15 with shipping) on ebay, scrounge through antique shops for single boxes, or buy unfinished boxes at hobby stores and put anything you want on it!
Make your own boxes or frames. You can decorate the boxes w/ cutouts from magazines or decoupage stuff they sell at the store, you can paint them first though w/ acrylic paint, then varnish them, decorate the frames w/ glitter glue or small decals or make it a theme frame w/ cats for cat pictures, etc.