We made these for MOPS a few weeks back.
What you need:
-cookie pan ~ I bought mine at the dollar store
-letter stickers
-ribbon
-magnets
-flowers or other embellishments to make magnets
What to do:
-drill two holes in the top of the pan, loop ribbon through and tie at top, add stickers
-hot glue a magnet to the back of a fake flower or other embellishment
