Don't you just love how the cooling rack makes those neat little squares? :-)
And color it green, so it looks like this:
Then you ice the cake. I'm pretty sure you can figure that step out by yourself. :-) After that you color the fondant with Christmas Red icing color and knead it until it is all red. Roll it out to 1/8 inch thick and cut it into strips using a pizza cutter.
Then you lay two peices of fondant across the cake to look like ribbons. Like this:
Curl into bow peices. You need about 14 of them. Lay them out so they can "air dry."
Then you peice the bow together using icing as the glue. The white things you see are the napkins. I was told if you put paper inside the loops it helps it to hold it's shape.
The you need to make a tag. use white fondant cut into a square. Decorate with green icing, and place red balls in the corner using leftover fondant from the ribbon. I used red food coloring, the same that I tinted the fondant with, and I painted "Merry Christmas" onto it using a brush.
You then peice the whole thing together and you get this:
It's not my best work, but for the first attempt I am happy with it. :-)