My daughter made this cute little wreath ornament for her tree yesterday. It is made from double sided card stock punched out with a Martha Stewart butterfly punch, and then they are glued to a 3" brass ring. She added a few little stick on jewels for a little sparkle. It is really much prettier than this photograph.
This is a smaller version...on a 2" ring and with a smaller punch. It takes many more butterflies to finnish it. I put a few sequins on it for a little bling.