Taken from Christmas Crafts - Over 100 projects and ideas rrp $19.95.
All materials for this craft are available from your friendly Spotlight store.

What you'll need:
7.5cm foam balls (3")
Gold foil
Gold beading pins
1m of 4mm thin cream satin ribbon with gold edging
Pearl head pins
Scissors
Thin gold cord

Instructions
Step 1
Wrap a foam ball tightly in gold foil. Using gold beading pins, attach a ribbon to the ball dividing into 8 sections.

Step 2
Place pearl headed pins along the ribbon, and then divide the sections in half again using the ribbon. Attach a bow and cord with a pin to the top enabling you to hang it from a tree.