I made that one back in 2008 as a present for a friend's photos of her first grandson's first Christmas. I made another one a couple of years later to fill with quotes and festive photos as a family gift. It had extra pages between the letters to allow for extra snapshots.
While I was making it I took step-by-step photos and put together a set of instructions - originally published in 2010 on UKScrappers, but you can download them directly here and see some more inside pages here. The instructions are for the word "NOËL" but they are easy to adapt to "XMAS", "2013" or indeed any other word, long or short! Let me know if you have a go!
Merry Christmas Everyone!!
* A slight scheduling faux pax on my part means that this post went live 2 days early - so that CKCB post isn't there until Christmas Eve! Sorry!