Instead of using a bow, I used yarn to create tassels to wrap around a gift. I just looked up how to make a tassel online and followed the directions.
I also made two of these tassels. I wrapped these yarn tassels around the gift and then tied the ends together (and then tied the excess yarn in the back and cut any excess yarn).
I thought it was pretty cute and warm looking. And it’s a good way to use up leftover yarn.