An awesome re-use of giftbag ribbon straps? Re-use them to make a wet bag. A little matching PUL and you can whip up a wetbag in no time! Wetbags are perfect for soiled cloth or disposable. Or for wet clothes and bathing suits (I'm dreaming about beach days). They're handy to have in any diaper bag.
Cost: $1.50 for the PUL. Couldn't resist those monkeys.