This is a project that I've found while browsing another blog (here). I've loved it and wanted to share it with you as well. They would be great as a kid activity or you can use it to decorate your gifts. They can also be used as a part of a party decoration too.
Square piece of card stock
With right side of paper facing down cut paper where you see dotted lines. Cut off bottom section (refer to right picture).
top flap down revealing right side of paper. Punch holes as marked by
the five black dots. Fold bottom left corner up and add a brad. Click
on images for a larger view.
Attach top left corner to the brad. Attach bottom right flap to the brad.
top right flap to brad. Place brad through the center hole. Close brad
in the back. Cut out bottom of bow (refer to dots). Done!
Once your bows are made you can adjust the shape by trimming the bows if you wish.