I've been making a bunch of these lately. They are fast, use little yarn and are so cute. There are a million uses: hang from the twigs of a spring bouquet, sew on clothes and bags, make a mobilee, gift to special people in your life...
And here's how you do it. Instructions are in German, but I think you can grasp most of it by just watching.
http://www.youtube.com/watch?v=Cv1-XMQPJDw