Make festive fabric pennants for Christmas and decorate them with golden iron-on letters. Method: Cut out triangular pieces of our lovely Christmas fabrics and sew together right side facing right side. Turn the pennant right side out and iron. Trace letters onto iron-on sheets in gold glitter, cut them out and iron the letters to the pennants you made. Fold down the top edge and sew a channel. String a piece of thread through the channel and hang up.