Print the template, photocopy at 200 percent, and cut out. Trace onto patterned paper; draw as many outlines as will fit on a sheet (you'll get 2 rings per 8 1/2-by-11-inch sheet).
Cut shapes from patterned paper with a craft knife or scissors; cut along dotted lines. Bring ends together, and slide slits into each other to form a ring. Roll up fabric napkin, and slide inside holder.