This is a super easy ornament that even the kids can help make.
This is the basic ornament shown in white for clarity.

Materials Needed

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.

Tools Needed

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

Cut the card stock into a strip 4, 5, or 6 inches wide.
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.

Step 2: Putting It Together

Stack the strips on top of each other and put a brad through each end.
Open the back of the brad up to hold them all together.
If you are using a patterned card stock I have found that it is best to try to keep them in the order they were cut.
This keeps the pattern together.
The photo shows one end connected, also what the brads look like.

Step 3: Opening It Out.

Before you open the ornament bend the assembled strips gently so the front is the outside of the curve.
Now start by pulling the center of the top strip to the side, and then the next, until the strips are all separated.
Tie a piece of sting into a loop and loop it over one of the brads,
even out the spaces between the strips and it is ready to hang.
The last image shows the top with the strips evenly spaced.

Step 4: Another Idea

Instead of card stock use old Christmas cards.
Cut off the front.
Choose the best 4 to 5 inch height out of the front with the best part in the middle.
Cut it to size then cut this into 1/2 inch wide vertical strips keeping them in order.
Punch holes in the ends.
I have found that stacking them with the last one from the right on top works best for me.
Then when you open it pull the top strip to the right.
This keeps the strips in perfect order and you will see the image from the card around the ornament.
You can do photos printed on white card stock this same way.

Step 5: Storage

The nice thing about these ornaments is you can collapse them back
to the flat stack like before they were opened up.
They can then be stored in a rather small space.