We read and write about books here on Baja, but we hardly ever make them. I had a go a while ago at recycled notepad books, and this is what I learned.
1) Making books is simple and easy, but time consuming and a little messy.
2) You need a Cricut unless you want to run your own personal sheltered workshop for quite a while.
3) There are heaps of sites on the web to get you started. I used this one.
4) It is really satisfying.
5) People think you're wonderfully clever and crafty. Or they think, "She should really get a life. Who makes books?"
If you have a Cricut or some other source of paper cut to a specific size you are good to go. I used waste paper from school so there was something interesting on the opposite side of each page. Some Italian, music, chemistry, etc. So you could recycle paper specific to the book or the recipient. Or you could just go for the random polymath approach.
I added a few coloured pages, just for interest. For the covers I used scrap booking paper my beautiful mother gave me and a vintage Italian map of Capri.
To glue the spine I used PVA and for the cover layers and 'varnish' I used Mod Podge.
This project costs next to nothing (unless you duck out to Wal Mart to buy a Cricut) and is so fun. If anyone has a go I'd love to see the photos.