I know you've seen these all over blogland lately and I thought they'd be perfect little gifts to have on hand.
I used 1" nylon webbing, ribbon, and a strip of Wonder Under all cut to 10".
Iron the Wonder Under to the webbing and then iron the ribbon over it.
Then just sew down both sides.
I ordered the 1" hardware from this Etsy shop. I found that handy dandy tool thing at Hobby Lobby. The rubber on the end keeps it from scratching the metal when you squeeze it closed.
I did find that if I hot glued the webbing to the metal first, it was much easier to keep in place as you're squeezing it shut.
Don't forget, tomorrow is the big giveaway!