As cute as can be, this little ornament is a no brainer. We all have empty thread spools lying around our sewing rooms!
Simply cut two circles of red or green fabric to cover the top and bottom of the spool. Pink thin strips of red and green fabrics and glue around the spool. Fold a length of ribbon in half and knot, then glue to the top of the spool. Glue small buttons and a bow to the top, around the ribbon loop. Could it get any easier?