The necklace in the middle says 'you just lost the game' ;D because I'm hilarious like that. It isn't paper but it's in this picture anyway for no real reason.
The paper beads are made from magazines and envelopes. Let me know if you need a how-to but I think people have already done that on here :)
Britta J. posted this project as a creation without steps
Here are some similar tutorials to help you make this one!