I bought some ornaments at The Dollar Tree:
Then I wrapped red yarn around them for about 5-10 minutes (each) and voila! Some yarn ornaments:
The yarn cost $2.50 and the ornaments cost 1$. So $3.50 for 7 homemade ornaments is pretty good right :) Oh, and the best part is that the ornaments are foam - which means kid friendly! Oh yeah! Awesome! I'll post pics of the patchwork ornaments i'm still working on tomorrow!