This is another one of Lilyboo Designs fabulous freebies I picked up. Same concept of punching then coloring the scalloped edge to make a faux layer for it. I added a bit of some Cuttlebug Highlighted background (TJ) to it to simulate bubbly water and the card is a latch type so when open the image is popped off the edge.
I colored this one with Copics and Sakura Metallic & Gel pens. I think this penguin is adorable!