First, I scanned in the composition notebook cover so that I could get a rough idea of my design size. Then I printed out a front and back cover (the back cover had an extra piece for covering my pencil) on Kodak Photo Paper (Gloss) and spread a thin layer of Mod Podge over each piece with a foam tool. That only took about 5 minutes to dry, and then I spread a thicker layer of Mod Podge on the front of the composition notebook.
I trimmed the left hand side of my front piece (for a straight edge where it would meet the binding) and then adhered my page. I rolled out any potential air bubbles with my rolling pin (I'm sure a brayer would have worked just as well, but I didn't have one, lol!). I then let it dry for a couple of minutes, flipped it over, and trimmed off the excess with a craft knife. I also sanded the edges and applied another coat of Mod Podge (especially where the front design met the binding). I then repeated the process with the back design (for the back design, you must trim the RIGHT side of the design paper, however!!)
The pencil was very easy as well. Cut a strip of paper that is 1″ by the length of your pencil before it’s sharpened. My pencils were 7″ long. Brush Mod Podge on the strip of paper. Lay pencil on one edge of paper, and then with clean fingers smooth down by rotating the pencil. You can roll on a flat surface to make sure paper is adhered. Brush a little Mod Podge under edge of paper if needed. Let dry 1/2 hour before sharpening pencils.
Here's my finished project: