I used one of our stockings and traced a pattern:
Then I cut the fabric (I really like this pattern...super fun).
After cutting and pressing the two pieces of fabric I hemmed the top with a cute twirling stitch, then I put two button holes on each piece about 4" apart.
I stitched the stocking together inside out, turned it right side out and pressed it again. I made a few other gift for the teachers, like Cookies in a jar, and a Hanging Hand Towel.
weaved a cute ribbon in through the button holes and VIOLA!! super cute teacher's gift for Under $10: