This is what I made for my swapmate for the WIST ornament swap. It started as a vintage candle clip. I made a nest from shredded money and added a little red painted bird. The bird originally held a birthday candle, now it holds a sign.
I made for our tree a couple of these little elves. The head/hat is an old red xmas bulb. The body is bumpy chenille. The candy cane is from strand of old plastic candy garland. Kitschy fun!