Martha Stewart Living Television
Use the compass or deli container to trace a circle on the oilcloth. Make sure it's big enough to fit any glass. Cut out the circle. Trace a corresponding circle on the cork and cut it out. If your cork comes in a roll, unroll it, spray it with water, and using an ironing cloth and iron, press it flat.
In a well-ventilated area, spray one side of the cork and one side of the oilcloth with the spray adhesive, and press together. Allow to dry for ten minutes before trimming the edges with scalloped scissors. To use as a gift, print out the recipe template, and tie it to the coaster.