This really cool idea from www.craftymorning.com is simple but make a big impact. Use construction paper for the main card and belt (or black ribbon for the belt). A pop top is used for the buckle, two little doo dads (you could use sequins, or any number of little doo dads you probably already have in your craft stash) and thin string for the the ornament hanger. Either of these could be used for a gift tag or ornament.
Cut the desired shape (circle or tag) – punch a hole in the top – take your black ribbon or cut piece of construction paper through the ‘buckle’ and glue it on – glue sequins or doo dads on and tie the thin string to make a loop. Hang on a tree or present with a thoughtful message.