This is my entry for the Sew Useful contest and is available for sale in my etsy shop. Go see it here: http://www.etsy.com/view_listing.php?listing_id=6348656
Step 1: Get you supplies together
two: 3" x 2.5" pieces of felt
one: length of 1" wide elastic (usually sold for use in waistbands) the diameter of you wrist plus an inch.
one: piece of knit fabric to cover the elastic (a piece from an old t-shirt would be perfect).*
one: reference drawing
one: 2" square piece of scrap cardboard or plastic
blunt end embroidery needle
sewing machine or needle and thread
pinking sheers *
Step 2: Transferring image
2: If your floss is 6 stranded cut a comfortable length to work with and split the stands. What you want to end up with is a 3 strand piece of floss in a workable length.
3: Thread your embroidery needle and tie a knot in the end of the floss.