I tried making these folded ornaments the other day and they are really fun to do! They kind of remind me of when I was a teenager and we made gum wrapper chains. Here are the step by step instructions....
Step 1: Cut 8 equal squares of Scrapbook paper or Gift Wrap in any size you'd like. The larger the squares, the larger the ornament.
Step 2: With the wrong side up- locate the center of your square and fold all four corners into the center.
Step 3: Fold the bottom point of the square up to the top, making a triangle.
If you find your folding isn't tight enough to hold the pieces in place..Add a little drop of glue to the points and repeat the final step.
Step 4: Fold one flap down to the bottom edge.
Step 5: Fold the triangle in half away from you- making a smaller triangle. The "smooth" side goes on the inside.
Step 5: Slide the flaps of one triangle into the pockets of another. Repeat with all 8 squares until the ornament is completed. Add a hole and string to hang.