Peppermint Candy Christmas Ornaments - These edible ornaments are simple and thrifty. Make a dozen ornaments for just a dollar per bag of peppermints. One peppermint, melted in a tiny cookie cutter, would make a cute cupcake topper.
diy-wood-slice-christmas-ornaments-easy-wood-transfer~~~complete with reversed graphics and link to technique!
Deck Your Halls on a Dime: Recycled Crafts for Holiday Decor
Sparkling Ornaments--turn old night-light bulbs into festive ornaments, but any size will do. Just brush on glittering glue, roll the bulb in glitter, and let dry for 15 minutes. Then hot-glue a loop of metallic embroidery floss to the bulb's base.