How much will this capacitor hold?
Lets assume you are making the simplest type of plate capacitor which consists of two conductors (your foils) separated by an insulator (your paper). (see http://en.wikipedia.org/wiki/Capacitor and http://en.wikipedia.org/wiki/Permittivity)



You will need to know (or look up) the permittivity of the insulation material and to measure the thickness with reasonable accuracy but at best you could only estimate the value of the capacitor that you would make. Printing paper is about 0.1 mm (but can vary considerably depending on its 'weight' - g/m^2). Paper has a permittivity of about 3.3 times that of a vacuum (ε0 = 8.8541878176.. × 10^−12 F/m) i.e. 2.8182 x 10^-11 F/m.

Putting these figures into you calculation (and converting inches to m etc.) will give 

   C   = 2.8x 10^-11 * 0.066 (area in m^2) / 10^-4(thickness in m)   Farads


giving  a capacitor of around 0.018uF 

(I'm certain somebody will correct me if I have my arithmetic  wrong)

The actual capacitance will certainly be less than this due to faults in construction (air pockets increasing plate distance etc.).

Personally I wouldn't use paper for the insulator/dielectric as moisture content can vary considerably and produces a 'leaky' capacitor. The last time I did this with my students we used printer transparency sheets.