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Brooklyn Navy Yard-based artists Nora Ligorano and Marshall Reese, masterminds of the political art series "Pure Products of America," have collaborated on a new giftwrap just in time for the holidays.

A big step up from easily torn drugstore paper with sickeningly sweet designs, "The Party’s Over" are actually sheets of limited edition artwork printed on silver or gold currency foil paper.

Although the giftwrap comes in those classic, festive colors, it’s only upon close scrutiny that the pattern reveals itself to be highlights of "the financial scandals, incompetence and falsehoods perpetrated by the Bush administration and their accomplices over the past four years," write the artists - known collectively as Ligorano/Reese - in a statement.

Very much in the vein of their previous controversial, satirical products - "Contract with America Underwear" and "Blind Faith" snow globes - the sheets of giftwrap feature facsimiles of Jack Abramoff’s American Express expense records, indictments of reporter Judith Miller and e-mail correspondence from Michael "Brownie" Brown.

Their wrapping paper can’t help but make this year’s gift swapping soirees memorable as it will likely trigger a strong reaction from the recipient - whether it be fascination, joy or outrage.

"We like to play with double entendres, and we like things that are contrary, like ’Ugly Beauty,’ for example, a song by Thelonious Monk," Reese told GO Brooklyn. "[The paper] is all about Republican scandals. You’re presenting a gift wrapped with evidence of ill-gotten gains ... We like the idea that you’re giving someone a gift that’s wrapped with something unseemly."

"We did wrapping paper because it’s celebratory in a way," said Ligorano, the other half of the design team that is being honored by Manhattan’s Printed Matter, now through Jan. 3, with an exhibit of their Pure Products. "We’re busting up the party, that’s the metaphor. Ripping up the party, starting over. The gift is inside, and that’s change."

"The Party’s Over" giftwrap is available for purchase at Spoonbill & Sugartown [218 Bedford Ave. between North Fourth and North Fifth streets in Williamsburg, (718) 387-7322]. The paper is sold by the roll, which includes two sheets of 25-inch by 20-inch paper, for $7. For more information, visit the Web site www.pureproductsusa.com.

Updated 4:00 pm, November 10, 2010
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