With slot punch, punch out at the four corners of envelope as shown.

Align and mark pattern paper against the envelope and punch slots with punch.
Adhere both pieces of pattern paper to the envelope, aligning the holes.
Using the oval punch again, punch out area over the previous oval punch.
Slip ribbon through all four holes as shown.
Tie a bow using both ends of the ribbon making sure there is enough ribbon behind it to pull up for a handle.
Tie a bow using both ends of the ribbon making sure there is enough ribbon left for the handle.
You can now decorate your envelope!
I used the stamp set from SU! called Classy and Fabulous! For inside the pockets, I made a gift card holder and card to match. Slide them into each pocket of the envelope tote.

Oh, by the way, if something doesn't make sense in this post, I kept dozing off and found myself typing what I was probably dreaming! I really need to start going to be earlier and get some sleep!