Christmas Baubles (click through for a slew of extremely pretty, do-able paper ornaments)
How to Make Christmas Baubles — plus links for MORE easy-to-make Christmas decorations
DIY Christmas ornaments.
Paper ornaments-- (+ other cute paper crafts on this site)
Christmas decorations How to make gorgeous paper Christmas ornaments
Homemade Christmas ornaments... I've made some other styles of paper ornaments out of old Christmas cards, will have to add this design to the list!
Cool paper ornament - and a great way to upcycle old Christmas cards! This site has other great Christmas craft ideas.