Make a hoop like structure using newspapers and secure them using lots of tape. (remember to use lots of tape) :)

Roll out balls using pieces of newspaper..and secure them with tape as well. The balls you roll out needn't be of the same size. :)
The number of balls to be rolled out depends on the size of your hoop.

Prepare a solution of water and glue.
Coat your hoop and the paper balls with some tissuepaper and this solution using a paint brush (this part is a bit messy). Wait until the coat dries up properly. Once it dries up it will become hard. :)

Now you can paint the paper balls as well as the hoop using fabric colours. I painted my hoop white.. :P

Now start sticking the balls on the hoop...one after the other..
this step consumes a lot of time. DOn't hurry...
Stick 2-3 balls at a time. Wait until they stick properly...proceed slowly.

After sticking all the balls around the hoop you can decorate your wreath using sparkles, laces, beads etc..etc...
:D