This is the basic ornament shown in white for clarity.
card stock, plain or patterned
brads, from the scrapbook section at the craft store
thread, or light weight string for hanging. A single strand of embroidery floss is perfect.
paper cuter or trimmer. Scissors will work but you do not get as smooth of a cut.
1/4 inch paper punch
Step 1: The Strips
Then cut this into narrow strips 1/2 ,5/8 or 3/4 inch wide.
I have found that the 4 inch length and 1/2 wide, and the 5 and 6 inch length and 5/8 or 3/4 inch sizes works well.
With the hole punch make a hole in both ends of each strip about 1/8 inch from the end and centered.
You will need 8 to 12 strips for each ornament.
The more strips you use the more solid the ornament will look, but it is also harder to open.
The 4 inch strip gives you an ornament about 2.25 inch diameter,
the 5 inch about 3 inch diameter, and 6 inch just under 4 inch diameter.
Experiment with colors and color combinations, such as alternating red and white strips.
You could also decorate the card stock before cutting it into strips.
Use already decorated card stock from scrap booking material.
You do not have to have straight edges on the strips.
If you have a cuter with a patterned wheel you could use that.