This is a fun activity you can use with students of many ages. It is a nice review for topics you may have covered in writing (organization is a key element for this project) and reading (genres, parts of a story, etc.)
This could be extended into a longer project in which you actually have students create a short book or story that matches what they have written on this activity.
There is also an artist option for students to create illustrations or a book cover if you would like to use it. If not, you can omit copying the second page.
Modification: allow students to only write or only draw, depending on their abilities.
Alternatively, you can use it as a fun activity when you have a substitute, when there's a shortened week and your schedule is a little "off," and so much more. I used it as lunch work for my fourth graders.
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I hope you and your students like it!