I found a very cool Martha Stewart paper button punch at the Market City Ben Franklin Crafts. (See bottom photo.) It punches out five different buttons with holes that will accommodate twine. I couldn't wait to play with it so I used the paper buttons on a tag and attached it to a gift to a friend's dog.
The dog and saying stamps are from a Hero Arts set. The papers used were from my scrap stash. (The button punch is a fun an easy way to use up assorted leftover cardstock.)