I use a technique called "tea bag folding" It takes 8 2x2 squares of double-sided paper to make one flower. I put a decorative brad in the center and glue the two flowers back to back so each side is the same.
In between the two flowers (before I glue), I attach ribbon to hang the ornament from and something to hang down between the two flowers to be a "drop". I like to find something with a little weight, here I found an ornament at a hobby shop but I think a small picture frame would also be fun.
Utube has some great videos on "tea bag folding". Have fun! I also used just one of the flowers and added a barrette clasp to the back. All the girls in my sons first grade class loved them!!!!