It's a small craft organizer (like the ones that hold embroidery floss) filled with goodies for the first day of school. This can be purchased at any little store from Wal-Mart to the dollar store for around $2
fill it with little goodies that the teacher may need from paper clips to some little candies for their sweet tooth. Add a label for the front and a poem for the inside.
Top it all off with a ribbon and it's ready!