A great idea for the book nerd in your life. Though I highly recommend you find a copy of their favourite book at a second hand shop because if you punch quarter-sized holes in their signed copy of Harry Potter and the Phonenix’s Lavatory or whatever the deuce it is kids are reading these days, they will flip. Just FYI.
Depending on the equipment available to you, there are a lot of variations you could work on this project. Think of metal discs, a variety of different bead or crystal types, etc. You can get the tutorial at Mandipidy.