My aunt first taught me how to make these and I thought it was a really cool and creative way to reuse or recycle old scraps of paper :]
sorry for the bad quality pictures...
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Step 1:
Cut paper into strips of three of any length.
* keep the width fairly small
** shorter pieces are harder to work with
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Step 2:
Punch holes at the end of each strip of paper
*make sure the holes are in the middle
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Step 3:
Place the cut and hole-punched strips into a 'snowflake' form
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Step 4:
Gather all the strips at the top starting from the bottom strip
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Step 5:
Place the clasp / brad through the hole and tighten / close it
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Step 6:
Punch a hole on the other end of the paper ball and place the brad through it
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Step 7:
Put a string through the clasp and hang anywhere!
* i hung mine on the ceiling of my room and it looks pretty cool :P