SisterChickSteph's kids did a TOS video on YouTube on how to lapbook. Down on the righthand side is a button to link you to all The Old Schoolhouse Store lapbook resources. Check out this cute video:
There are many lapbooks out there for all sorts of subjects. It does seem to be the newest homeschool craze! I used notebooking and copywork when my kids were younger! Lapbooks will bring a few more skills though, like the fine motor with the scissors that the other two options won't give.