Cut a hole in the center of the cardboard tube to fit the long part of the cd holder.
Decorate your cardboard tube however you wish.
Hot glue around the hole and the top of the long part of the cd holder. Make sure it is very secure.

I really wanted to spray paint the tub and cd holder silver and then cover it in glitter. But I didn't have glitter or silver spray paint. So I covered the tube with a satin material. Wrapped gold string around it and then embellished with little diamond like things which i pulled off and old headband.

And you are done.