A light-weight side gusset for a bag includes a formed composite frame having a peripheral raised region and a depressed central region. An opening through the depressed central region forms a relatively narrow border portion around the inner periphery of the raised region. A central panel corresponding in configuration to the outline of the depressed region is attached to the border portion of the depressed region to cover the opening therethrough. The composite frame is made up of a moldable substrate, e.g. ethyl vinyl acetate foam, an outer layer wear-resistant material, e.g., high-denier nylon or poly/nylon combination, and, preferably, an inner adherent layer, e.g., the loop half of a hook-and-loop fabric. A complete bag is assembled by securing two such gussets to the body of the bag. Methods of manufacturing the composite frame, a gusset including such frame, and a bag including such gussets are also disclosed. During the frame manufacturing process, a flat sheet of substrate is covered an one side by the wear-resistant material and, preferably, an the other side by the adherent layer. Incisions are cut through a central region of the substrate-adhered materials composite. The composite is then molded to provide the peripheral raised region and the depressed central region of the frame, with the raised surface being covered by the wear-resistant material.