This vintage Better Homes and Gardens kit from 1982 is for making 2 stockings designed exclusively by Janet McCafferty.
The package, which I have opened, has 2 pieces of muslin fabric that are printed with 2 different designs. The stockings would be about 13" long and 8" to 9" across the top. The instructions are for painting, dyeing, coloring with crayons, colored pencils or permanent marking pens as well as ideas given for embroidery, applique, beading or quilting. Instructions are also given for assembling the stockings. While these could be very elaborate, they could also be a fun project for an interested child.