DIY Puzzle:
Draw and colour your own drawing, or a colouring page.
Glue it onto some cardboard, let it dry.
On the back of the cardboard, draw the shapes to cut out.
Then cut.
Presto! Your own puzzle!
They're neato gifts for people too ^^ Especially if they haven't seen the picture beforehand.
Make a lil boardgame! I used to love doing this. I'd try to create a 1P boardgame.
Create a storyline, characters, rewards & punishments etc.
Plus making all the different cards, player pieces (so you can choose different things to RP as)- it's fun.
I made mine into a pop-up board game. If you have a look online for pop-up card tutorials etc. it's a similar concept.
Make cutesy bunting to decorate your room/house.
Make some xmas decorations. One year I drew pics of owls and cut them out to use on our tree, cuz it was our first xmas together and we couldn't afford any decorations and the tree was from my mum. ^-^
Or you can cut out lil paper dolls chains and then decorate each doll
And even do teddy bear shapes.
Origami, paper lanterns, short storybooks- There's plenty to do.