My downline, Brandy, brought this as a make & take to our demo meeting Saturday. The instructions are on http://inkingaddict.blogspot.com/.
I love that it's so easy! This would make a great favor for any occasion, depending on the patterned paper you chose. This project uses Cutie Pie designer paper, with a Rose Red scallop, Certainly Celery 1 3/8" circle, and a 1 1/4" circle with "Happy Birthday" on some patterned paper from the same Cutie Pie pack and stamped in Rose Red ink.
Once you get the paper around the bottom, you squeeze the top together, punch 2 holes and thread your ribbon through, making a bow. This is Bashful Blue ribbon with some linen thread holding the scalloped medallion on.
Also, the scalloped edge at the bottom was made using the new 1 15/16" scallop edge punch that will debut in the Fall-Winter Idea Book & Catalog. You can start making a Wish List now!