I recently gave personalized smash books as graduation gifts. Besides the usual assortment of papers and fun accessories, I included more personal items like favorite colors and photographs. That is what I love about the binder system, it is so easy to add in personal treasures.
You can opt to personalize a smash book, or give them a whole kit for them to create their own. These can be used as scrapbooks, planners, assignment books, journals, recipe books, or photo albums. So many possibilities!