Cockordes were very popular around the turn of the century up to the 1930s. Usually used on a hat or dress, they were made from ribbon and lace and jewelry.
I made this one with a pleated trim, gathered it up on a running stitch into a circle. Then I made a tulle circle with an iridescent tulle and glued it on top of the pleated circle. Next I made a yo-yo out of an iridescent brocade and glued that down. I cut a picture out, trimmed it out with a gold lace doily, then glittered the edge of the picture. I finished it off with a blue silk scrap bow.
This would make a great tree topper attached to a spire, a package topper or regular ornament. The look really changes depending on what kind of ribbon or lace you use.