These are made with 100% wool felt sewn together with embroidery floss and embellished with beads. A quick and easy project that would make a great stocking stuffer or last minute gift. You could even monogram them and use the stars as gift tags.
Since I've got such a stash of old sweaters to recycle, I'll probably use those instead of wool felt. I've got a felted cashmere sweater in Christmas red that would be perfect. You'll find Molly's felt star tutorial here.