Surfing online, I found these instructions: How To Braid 5 Stand Bread
I tried this technique using ribbon but it didn't turned out pretty so I changed "side strand over middle stands" to "side strand over then under middle stands". Here is what I got. Just following the step by step instruction below to make one yourself.
What you need: 5 x 24" long 3/8" ribbon, D-ring, fabric-tac, glue gun, braided headband base
(or you can wrap 1" plastic headband with 3/8" ribbon), sissors.