This is my entry for the Share The Love speed contest so if you like it please rate it.
Step 1: Materials
-velom(normal white printer paper will work fine aswell)
-holepunch (not in picture)
Step 2: Folding
If you used the method above make 1 more fold from top left corner to bottom right corner making an "X" on the page. If you already had a square page make 2 folds creating an "X" also.
Next flip the page over make 2 more folds frome side-to-side and top-to-bottom.
Step 3: Make a Smaller Square
Fold the page on one of the diagonal folds then push the corners up. You should see a "+ or star" then flatten it out by folding 2 "flaps"together on each side.