For those of you who want to make this you need a circuit board, Ulfa knife (like X-acto only better), dremel (my board had holes), electrical wire, newspaper, paint, and ink.
Turtorial and more images below...
I created the paper using squares of newspaper and several layers of paint. I used house paint, you can find samples it in the back of a hardware store for cheap.
I punched holes in the paper to match the holes in the board and tied everything together using scraps of electrical wire. I then cut slits for the photos to go into and drew on the pages using green ink.
This circuit board had some see through spots so I put lights on the back, this is optional. You could also add a sound element.
He ended up giving me this board. I knew he wanted to save it but he was fine with (or excited about) me making it into something that was functional.