Step 1: Cut Bottom, Flatten
Cut the longer, bottom wire (Picture #2) I found this is easier if you cut it four times, so you do not have to pull it all the way through.
Flatten so it looks like picture #3..
Step 2: Fold Over, Twice, Twist
Twist the centre (or center, as you please) so it sits nice and tightly. (Picture #3)
Step 3: Form Arms, Add Head
I have not found a water-tight solution for keeping the head on. "Blu-tac" works quite well. So stick the head on the shoulders.
That is the basic champagne top person, mine is pictured here, straddling my spherical pencil holder (A school woodwork project.)
For added realism, bend the feet into flatter feet shapes (Picture #2) and using a permanent marker, draw a smile!
You are now finished. If you are extra brave, you can proceed to the next step...