All it takes to make a beautiful ribbon hanger is a wide ribbon, wire, thumbtacks, terrycloth, and a nail.
Source: Martha Stewart Living, February 2003
This colorful tether is an illusion -- a picture wire actually supports the weight.
Decorative picture nail
Hang a wood-framed item with wire, then choose the attachment point for your ribbon.
Measure from there to a corner of the frame. Cut ribbon to twice that length plus 6 to 8 inches. Place frame facedown on terrycloth, and secure ribbon with thumbtacks. Rehang, and add a decorative picture nail.