Mix all of the ingredients together in a medium size sauce pan and cook over medium to low heat until it starts to congeal and get doughy. It cooks pretty quickly. I doubled the batch and ended up with enough play dough for 20 quarter cup containers. I also added clear glitter to the pot for some extra holiday sparkle. Clearly, that's optional.
The little plastic containers were from Dollar Tree and came ten to a pack (for $1, super steal). The ribbons were just scrap ribbons that I had from previous years. The labels I made and personalized for the R's, but if anyone is interested (and still has time!) in doing this project for their preschool friends I created a universal label, the labels fit on Avery 22807 sheets and the 2" size fits perfectly on the dollar store containers. If you can't find the Avery labels -- I couldn't either -- full sticker sheets and a 2" circle punch (which I found at Staples and Michael's, respectively) work just fine.
{ download here }
I hope everyone is staying warm and almost done shopping. Nothing is worse than the holiday rush. Oh, and if you live somewhere warm don't rub it in in the comments!