The "belt" goes on top of the card front and then the end of the "belt" tucks into the punched slot. It's really a cute design for a card! I still am not sure about the Real Red "present" I stamped on this though. I just wanted a little punch of color I think! Here is my "recipe" for this card:
Cardstock/paper: Basic Black, Whisper White, Night and Day Designer Series Paper
Ink: VersaMark, Basic Black, Real Red
Other: Corner Rounder punch, Word Window punch, 1 3/4" Circle punch, Scallop Circle punch, Modern Label punch, Modern Label die (with Movers & Shapers die), white embossing powder, heat tool, Big Shot, Stampin' Dimensionals