I bought a pack of 100 ponytail holders at the dollar store, then raided my ribbon scrap jars to see what I could come up with. Grab your glue gun and a lighter too - they will come in handy for this project.
I started off with one ponytail holder and some coordinating ribbons. For this first one, I decided on two ribbons to keep it simple.
Next, I tied the smaller of the two ribbons onto the pony, pulling the knot tight. Then, I tied the larger ribbon right on top of the other knot, again pulling tight.
To cover the knot, I cut a smaller piece of one of the ribbons, hot glued one end and wrapped it around the knot.
With everything in place, I trimmed the ribbons and used a lighter to seal the ends. All you need to do is move the flame close to the end of the ribbon and it will melt it. This helps to keep your ribbon from fraying.
Here is the finished ribbon pony! I think it turned out pretty well and looks really cute. I love how easy they are to make, so I made another one in pink as well.