Heart-Covered Waxed Paper How-To - Martha Stewart Holidays: Fold a piece of tissue paper in half three times, forming eight layers. Using a heart-shaped craft punch, cut out hearts. Cover the surface of an ironing board with paper towels; place a sheet of waxed paper on top. Arrange hearts on waxed paper, and cover with another sheet of waxed paper. Cover with more paper towels. Run an iron, set to medium heat, lightly over the layers to set.