Grab a handful of ribbon shreds from the bag, and stack them together so that they’re all lined up equally. Pinch them in the middle.
Fold the middle of the stack over a pencil, packing the pieces as closely together as possible at the center.
Pinch the two sides together just beneath the pencil. Wrap a piece of the washi tape around the stack of ribbon shreds. Wrap it as closely as possible to the pencil, and go around two or three times.
Slide the tassel off the pencil, and loop a piece of string or twine through the hole. Tie it onto a gift, along with a cute gift tag!