Fancy Folded Star Ornament
Simply follow the tutorial on how to make a Fancy Folded Star above, but instead of using 4 FQs for the star we use 3, and instead if cutting (16) 3" x 4" rectangles from each FQ, we only cut (8) from each. And we replace the 10" x 10" square base from scrap fabric, with a 5" x 5", so you'll end up with this when you've drawn the lines and ironed down the fold on each of the (24) rectangles.
Then decide your layout and lay out the pieces, I placed them slightly closer together then I did for the pot holder version, but you can do as you wish there, your ornament will be smaller the tighter you place them. I wanted a fairly big one so I didn't place them too close. Pin them down, draw a link with disappearing marker and sew them down, continue all the way around for all 8 sections.
Fold them just like you do on the pot holder, stitch down the top two like we did on the pot holder, but don't stitch the last two in place, just pin it.
When all is pinned, replace your pins like this to allow you to draw a circle (I used a suitable small glass bowl with a 5" diameter to trace around) and stitch around it. Before I did this through I added a small button dressed in the sold fabric to the middle of the star and added batting and backing to get a little body in my ornament. Instead of backing fabric you could always add another Fancy Folded star to the back to make your ornament two sided and thereby suitable for the Christmas tree or a window.
After you've stitched all layers in place, cut out your circle with a scant 1/4" seam allowance to the seam, make bias binding and bind your little circle ornament. I added a small hanger fastened in the binding seam on the backside out of white rubber band.
Tada! You're done, your very own Fancy Folded Star Ornament!