As I occasionally do, I was building two rockets.
The partial kit from Ebay had just the printed upper wrap, corrugated wrap, decals and instructions.
I had a single corrugated wrap and thought I'd make another one for the second build.

I drew up the lower wrap, the one that will get the corrugations.
I couldn't find corrugated sheets anywhere! But, I did find this embossing board at Hobby Lobby. Retail was $19.99, but I had a 40% off coupon.
A bit expensive for a "one-off" but I could also use it on the embossed wraps in the Semroc Saturn 1B I recently bought. One of the wraps wasn't well defined.
I lightly taped the printed sheet in place. The ridges are spaced at 1/8" intervals, too wide for this size model.
A "bone" folder embossing tool is drawn down the long lines.
After the first set of 1/8" lines were finished, the sheet was slid over 1/16" centered between the ridges I just made.
The second set of embossed lines gave me ridges spaced at 1/16".
To see what it would look like, the embossed sheet was sprayed with silver paint and rolled around the body tube.
I didn't like the results so the idea was scrapped! The ridge depths weren't consistent. Oh well, you never know until you try!
The second Little Joe II will just have a smooth silver surface.