Here is the inspiration pin. You can find the original tutorial here from Design Sponge.
Cut and odd number of strips in gradually decreasing lengths, line up the ends and secure with staple or glue and repeat on other end, add string. The end.
I used a paper cutter and a hot glue gun. Mine are made with only 5 pieces of paper. If you want them to be really fat the inside piece should be significantly shorter than the outside layer.
To make the flower shape make a ball and then added a dab of glue to the center and flattened it.
Here are the ornaments hanging from my lights in the living room.
And in the dining room.
Total cost: $0 (since I had everything) but if you were to go out and buy it would be about $1 to make two. I should have saved this for a cocktails and crafts since it was so easy!