Well, yes it does depend upon the type of hole but I was inspired to get creative
with the interesting shape left after using the Collecting Shells Background die.

I turned it into a frame backed by our Aqua coloured Vellum.  The Anna Griffin Happy Birthday hotfoil stamp fit perfectly!

I got 2 beautiful cards by matching the Hotfoil Seahorse stamp in holographic Blue Triangles,hotfoil, some silver thread and a cute crab charm on one and on the other a Starfish hotfoil stamp and Compass Chipboard Ephemera both in iridescent Silver Digital Dots hotfoil.