To convey a sense of luxury, make tassels with double-faced satin, silk, gingham, or edged-satin ribbon.
Wrap ribbon around a 3- to 6-inch piece of cardboard; the size of cardboard and amount of ribbon depend on the size tassel you want.
Slide ribbon off card; center on a piece of thread. Fold and knot a loop of ribbon as long as tassel. Place it beside wound ribbon. Tie thread around ribbon; loop's knot should be caught below thread.
Cut wrapped ribbon at both ends.
Holding loop, fold top fringe down to meet bottom; adjust tassel shape. Cut a piece of ribbon long enough to wrap around tassel four times; make a loop in one end. With loose end of loop above and loop itself below, wrap ribbon around tassel four times.
Pass ribbon through loop, pull loop end from top to tighten. Cut and tuck ends.