Here's a Christmas ornament you can make with colored papers or magazine pages. I'm not sure what to call it. A funnel ball? The instructions:
1. Cut out 10 paper circles (any size, as long as they're all the same). Text weight paper will be easier to work with than cardstock. 2. Cut each circle along the radius. 3. Put a small piece of double-stick tape on each side of the cut near the edge of the paper.
4. Flip the circle over so the taped side is down; then pull each flap across the circle toward you and twist to form a cone. Press the taped ends down to secure. You should end up with two cones that look vaguely like a fortune cookie. Do this to each of your 10 circles.
5. String the double cones together with a needle and thread. Make sure they're gathered snugly in a ball and tie a knot. Use the trailing ends of the thread to make a loop for hanging.
Here's one made from magazine pages. If you like recycled crafts, give it a whirl.