Start with cardstock and cut out a tag. These are about 2 1/2 by 4. Cut a strip of paper to go across them. You can then cut out a printed or stamped circle image with words or a circle object of some sort would work great. I used a 2 inch circle punch for this. Then cut out a matching (or not-whatever your preference) 1 inch circle for the middle.
Then glue the pieces together, punch a hole in the top and add ribbon. Here are a couple of examples of the finished product.
These are quick and easy for both kids and adults!