I taught this project during my retreat in October and it was a huge hit. Not only have I made dozens of these to sell at recent craft fairs but I've made a fair share for gifts this Christmas. 

I began with a Dollar Tree picture frame measuring 5"x7".  The dry erase markers I purchased in bulk (for the retreat) online at Amazon.  You can find them at Wal-Mart if you need just a few.  The picture frame is from the Dollar Tree. 

Check out the video to see how easy it is to create a last minute, practical gift.  As always, I've included still photos at the end of this post, as well as an alternate sample.