Felt is so much fun to sew into ornaments because the edges don't fray and there are so many great colors. Here are a few examples of some really easy ones I sewed up one weekend while watching TV. The fish is actually meant to dangle inside a clear bag filled with air to look like you just brought it home from the pet shop. That one is my favorite.
You can make your own designs and create a weird creature. With a few different stitches, you can create some really funky little pieces to make into pins,ornaments or toys.