Here it is opened up:
Start with 5 squares, coordinating patterns or all the same pattern. I used 3" squares for mine and really like this size. The photos above show the ornament with coordinating squares. To show you how to fold it, I've used all the same patterns.
First, fold each square in half, both ways, as shown below.
Now add the CS layers and stamped image to each of the remaining squares, being sure to attach your ribbon BEFORE you glue on the CS squares. Slip the ribbon ends through your button. Make an overhand knot on the end of the ribbon to hold the button in place. Note: If you trim your ribbon ends to a very pointy cut, it will be easier to get them through the button holes. Also note: I think the skinny ribbon is the easiest to use for this project and looks the best.
Now, I'm going to clean up some after-Christmas clutter and get busy in my studio. I just can't stay away from my 'toys' for too long a time:) Have a great day!