With a bit of work you can decoupage a cheap paper mache box to look like a fancy expensive-ish box.
Here's what you need:
2 sheets of nice scrapbook paper or as much as it will take to cover the box.
1 paper mache box (I got this one for $1 at Joann's)
Here's how I did it:
1. Cut the paper so it covers the box. I outlined the bottom of the box onto the paper, then marked the paper to cover the sides. Cut the paper.
2. Any places where the paper edge meet and you're not certain it'll be completely covered, cut a small piece of paper and glue it in place. For me, it was the side corners of the box.
3. Double check that the paper is cut to where you want things covered in the box.
4. Glue the paper to the box using mod podge, and a nice brush.
5. Wait for it to dry.
6. Paint on a good coat of glue onto the box. Putting it over a tin helps let you paint throughout the outside of the box. Let that coat dry and paint on another. I painted on about 5 coats on the outside of the box, and another 5 coats on the inside once the outside was dry.
7. Do the same procedure for the lid of the box.
That's it, simple decoupaged box. You can decoupage stickers, or other papers, or even fabric, onto the box the same way. The box can make a great gift box.