You can create a poem or story yourself, or you can take something from an existing book. Insert the text on the page. Then you can omit all pictures or insert some pictures to use as clues. The idea is that your child become's the illustrator. Staple all of the pages together and you have a book!
If you want to start with my examples just double click on the first one and then click on Print Picture. (For the first two you will also have to click on Preferences and change the orientation to Landscape.)