I like the concept of this table setting - plus it's a great way to use patterned paper which I tend to collect and not use! While it was designed with a Valentine theme, I think you could easily take the elements and mix it up for a variety of events...birthday parties, dinner parties, etc.
Flower Centerpiece: Place glass votives in a tray and fill with a single flower. Cut the stem short enough so the flower just rests above the tray.
Candy Favors: Roll a piece of patterned paper into a cone and fill with candy.