Have you participated? OMG, it is so fun, exciting and nerve wracking all at the same time! The Readers' Digest version of what you do is scraplift something from the person you are receiving the layout from.
Here is my lift using My Minds Eye Bloom and Grow. All pattern papers and die cuts are from My Minds Eye. The Copics Multiliner 0.5 was used to create faux stitches. The brads are from Close To My Heart.