Here's a very easy decoupage project that is quite affordable. I had the book, frame & decoupage on hand so esentially, this was free for me. I got the book free after buying a magazine in Italy back in 2006, and it's done nothing but sit on the shelf ever since.
Rip some pages out of the book; you probably won't need more than ten or so. Then rip the pages so you have small strips of words. Laugh at the funny things you come across such as "Harry Potter" & "weekend"
Begin applying decoupage to the frame, add the paper, and add another layer of decoupage on top. Repeat over and over and over until the whole frame is covered. Make sure to get the insides, top, bottom, and sides. Let it dry a couple of hours & add a final top coat of decoupage. Let it dry & add a picture or a quote and you're finished!
Some variations of this include adding a small layer of colored paint before adding a top coat of decoupage, or dying the paper with tea before adding them to the frame (here's another helpful site). I liked the look of the black & white, so I kept it simple. Turned out quite nice! This time a cute picture of my sister and me dancing without music!