This isn't LEGO branded, so is allowed under the auspices of 'punk'. It's a simple studded notepad, with two removable flaps. These can be used to clasp the book shut, decorate the cover, or go around the spine. However, in the case of the latter, I've found that edge is slightly too wide, and the silicone pops off.
But otherwise, a neat idea, a lovely present idea ;)