I made some with pictures and some with names. I have included several examples but the sky is the limit. I was in a time crunch to get mine done but I think you could really get creative. I may try out some other ideas when things calm down a bit.
I used two business cards for each gift tag. I glued the fronts of the cards together giving me blank sides on the front and back of the tag. For the picture tags I printed them out on regular printer paper and applied them to the tag using a thin layer of Mod Podge. Once dry I applied another coat to cover the photo and give it a finished look. When the tag is completely dry I punched a hole in the top of the tag and used an eyelet to give it a finished look. I think they turned out really great. I put their name on the back too. I also used some distress ink on some of these to give them an aged look.
Hope you give this a shot some time. If you do please share your ideas! Happy wrapping!