We made these as room key/tip holders. The pouches are zip-lock style badge holders, so nothing would fall out(do a google search for "Advantus Resealable Badge Holder"). The insert is regular paper folded in half at the bottom, and I stuck it to the inside edge of the badge with the mini glue dots so that it's easy to put things between the two sheets of paper (to hide the contents).
The wrist strap with whistle and the clip come from oriental trading.
I've attached the template for the inserts.