http://www.joyshope.com/2008/09/hair-bow-holder-tutorial.html
It was very easy and simply involved using a staple gun to attach a strip of fabric and several ribbons to a stretched art canvas. Please refer to the tutorials linked above for detailed instructions. My materials included:
1 - 12" x 16" stretched art canvas
2 - grosgrain ribbon spools
1/2 yard fabric (from JoAnn, mine was called "Legacy Studio Scroll Batik")
1 staple gun with staples
1 bag of gold foam "Sparkle Letters" (at JoAnn for $3 retail price)
And here is my finished product.
At some point, I would like to add little owls to the bottom, similiar to this: