One of my favorite projects to make is a coaster notebook! My Dad was an office supply junkie, and I inherited the same addiction! Every time I use my little binding machine, I feel my Dad looking over my shoulder approvingly.
This is one of the projects available at May's Card Buffet. I covered 4" coasters with various Designer Series Papers, lined the inside covers, and filled them with printer paper. This version even has a little closure on it, just for something fun!