One of my Christmas gifts to myself was the Spellbinders Grand Calibur and the Grand Die, including the Labels Four die. Here is an example of it used to create a card front and matching envelope. This card measures 5.5 by 6 inches. I also used the foilage frame for the front of the card. By weaving the cardstock through the large die, you can cut only one end of the paper, making a decorative edge for your card. I did the same thing for the envelope, which is basically "gift wrap" for the card. I also ran the envie back through to do a second embossing along the edge. Sanding on the two sided white core K & Company paper highlights the embossing.
I know this is fall paper....but I have plenty of it and I like it!
I think you can see this die has a lot of possibilities. Tomorrow...another idea!