I used the presents from Jolly Bingo Bits, and added a rectangle punch of Real Red behind to get the two-color effect. I used the Coloring Tool to color in the bow on top to match.
I grouped the present and rectangle before duplicating it to simplify the process. I used the Edit Object command to tweak the X and Y coordinates, so that I could line things up perfectly.
The sentiment is from Sending Glad Tidings. I colored in the holly leaves, cuz no one believes in red holly.
I added a dot of Whisper White on each of the holly berries to give it a little dimension.