Have you ever heard of "Almost Leather"? It was a popular crafting medium about 15 years ago, and sadly doesn't appear to be available any more. I bought a pack of several sheets and have made bookmarks, keyrings and all kinds of card embellishments with it, but unfortunately I'm down to a few scraps in the bottom of a dog eared bag that lurks at the bottom of my "bits too good to part with" drawer now.
However when I saw that the challenge at Oldie But a Goodie is Anything but a card and at Crafty Creations Challenges it is Dig Deep - Use something old from your stash I thought an Almost Leather keyring would fit the bill perfectly.
The Almost Leather looks and feels very much like Fun Foam. To use it, you cut it to shape then heat it with a heat gun until the texture changes to look leathery and it shrinks very slightly. It can then be stamped or inked, or to give a "tooled leather" effect like this, you work rather like stamping into embossing enamel, inking the stamp, heating the "leather" and then firmly pressing the stamp into place.
a little distress ink around the edges and used black Stazon for the stamping. The stamp is a Clarity Stamps one which gives a lovely clear, deep impression.