This particular award is given to blogs with less than 300 followers, with the idea being that you accept the award with the intention of "paying it forward", and choose 3-5 other blogs you feel are deserving of more subscribers and pass it on to them.
No-one is obliged to pass the award on or even accept it, BUT it is a really good way to get the word out about other blogs (and I tend to find blogs I want to subscribe to by finding them on the friends/followers list of blogs I already follow!)
Therefore with this in mind, I would like to nominate...
Laura at Beauty Box
Linsay at Pandora's Beauty Basket
Lilit at Make-Up and Macaroons