Here's what we bought:
2-Pack 4" foam balls
1- 1/2" dowel, cut in half to 18"
From Big Lots:
4-Containers of small glass Christmas ornaments in red, gold, green, and silver
2-tapered Christmas gift boxes
Assortment of berry picks to cut apart in the same colors as the ornaments
From Dollar Store:
2-green flower foams to fit in our boxes
All in all, this project cost us about $23 to make two...probably could make these a lot cheaper at the end of the season when all of those items are on sale, but oh well! I had the ribbons already and I stole the white stuffing from one of my shredded stuffed animals (thanks Molly!).