I've seen these boards all over the place for years! Everyone I know had one, except me. So I figured out how to make one. Now I still don't have one, but both my little girls do. I use them to display pictures, holiday cards from their grandparents, postcards of the places we've been and so on. I love these boards.
1 corkboard or plywood cut to size. (I got my cork boards from JoAnns online, they were only $7!)
Fabric, enough to cover corkboard and wrap around back
Batting, same size as fabric (I used low loft)
1" thick Ribbon
Buttons, or Tacks