This was a large bag with two tears near the bottom of one side section. I cut the bag along that torn side, and cut the bottom completely off, leaving me with one large sheet of decorative paper.
The body of the bag was in large polka dots (used for the large package on bottom), and the top 4 to 5 inches was a coordinating striped trim (used for the small package on top). In addition to enough wrap for the 2 packages, the little gift tag that comes with the package had not previously been used, so I used it this time, with the wrapped gifts. And that cord that is tied around the small package is one of the rope "handles" to the gift bag.
Gift bags turned gift wrap makes one last use of something destined for the recycle bin. I am slowly cleaning out my stash of gift bags and wrapping paper, while saving a bit of money at the same time.