This listing is for a small vintage fukusa gift cover. See explanation below for how fukusa are used and a bit about their history.

This fukusa is a somewhat stiff silk or silk blend in a medium blue with a single white komon (Japanese family crest) in the center. The hagi (bush clover) crest identifies the family giving the gift underneath. Since this fukusa is blue rather than red, it might have been appropriate for a casual or semi-formal gift-giving event (since red fukusa are more commonly seen at weddings and more formal affairs).

The backside is the same blue silk and features a large white kanji character for "congratulations" (kotobuki in Japanese). Each corner has a small gold tassle sewn in.

From Wikipedia:
Fukusa are a type of Japanese textile used for gift-wrapping....Fukusa are square or almost square pieces of lined fabric ranging in size from about 9–36 inches (230–910 mm) along one side. They are typically made of fine silk, and may be decorated with embroidery in auspicious designs.

The use of fukusa as a way of presenting gifts has mostly died out, lingering instead mainly in certain ritual exchanges of gifts during weddings in a few regions of Japan.

Traditionally in Japan, gifts were placed in boxes or on a wooden or lacquered tray, over which a fukusa would be draped. The choice of a fukusa appropriate to the occasion was considered an important part of the gift itself, and part of its formality. The practice of covering a gift became widespread during the Edo period (1603-1867).

The scene or motifs depicted on fukusa are chosen to indicate either the occasion for which the gift is being given, or because they are appropriate for one of the annual festivals when gifts are exchanged. The richness of the decoration of the fukusa attests to the giver's wealth and aesthetics.

Once a gift was exchanged, after being admired, the fukusa and box or tray presented with the gift are typically returned to the gift's original giver. However, before the Meiji Restoration, when gifts were presented to a high official, the fukusa was not always returned.