Step 1: Gather your Materials
Cardboard/posterboard; I reused a big sheet of posterboard I found in the garbage at work. Shoebox type cardboard would be good, too. I don't recommend corrugated cardboard, unless you want the cover super thick, plus it will have lines on it, and may get bent and creased more easily. Plus it is harder to work with.
Duck Tape; Get what ever colors you want the album to be, I just used what I had on hand.
5 x 7 Photo Sleeves; You can get these at an craft store that carries scrapbooking supplies. These cost about $2.50 to $3.00 for 5 sleeves with front and back pockets, so 10 photos in all.
String/Cord/Wire/Ribbon; I used colored wire, also at craft stores. The green cover had a leather cord on, or some fabric ribbon tied into a bow would look very pretty (to a girl).
Pen/Pencil(?); you can get along without it but I'm sure it won't be a problem.
Time; You could probably crank one of these out in about half an hour if you just want to get it done. I probably spent at least 2 hours on the blue one, but I was being very precise, plus the Air Force emblem was tricky.