This tassel I made using a small cross ornament that I found at Hob Lob during the holiday season. I screwed the bottom of the cross to a candle cup (also found at HL). Then I just glued fabric and ribbon at varying lengths inside and around the candle cup. To finish it, I added trim around the top (to hide the candle cup) and a ribbon to hang it with.
This one is fun with all the pink and green. I made it to coordinate with a friend's nursery.
And, this one I made using ribbon and some left over scraps of fabric.
If you need a quick, cheap, easy project that adds a fun touch to your home, give this a try!