The background is watercolor with a stamped Small Butterfly and the Dotted Circle Frame heat embossed with gold. The words are Let Your Dreams Take Flight, from the Big Boy's Toys Series - one of my favorites for graduations.
Come join in this challenge. Inspire us and maybe meet some new friends! You don't have to use Repeat Impression stamps but if you do, your name will be entered twice (2x) for a random drawing for a really nice gift certificate from Repeat Impressions.
Check out Wendy's blog, The House That Stamps Built for the complete guidelines and link your project there.
You might want to check out what these Rock Star Designers have created to inspire you. Good luck - and I'm looking forward to seeing your projects.