** this is a repost from last year, in case you missed it then :)
Gather up: stitching, a matboard square cut to size, coordinating wool felt, wire, and a bead.
Lace the stitched piece onto the matboard square…
then glue the laced board onto a piece of felt. (I used Tacky Glue)
Loosely fold the wire length in half and string bead up from bottom; bend out wire legs.
Run the ends of the wire under a few fabric threads near the top edge of the ornament. Pull through until center hanging loop is desired length and cut wire about an inch from edge. Curl wire in and viola!:
BTW, this is the same finishing method I used on my ornament in the 2008 JCS issue.