Once upon a time, fairy-making was a favorite hobby. I remember writing about it three separate times in 4th grade English class. I have (in storage at the moment) a bag full of around 20 of them. They used to dangle from strings on my ceiling.
I made this one recently for my sister. I will not post the instructions, seeing as I got them from a book myself. The book/craft kit does a wonderful job explaining. The book (a newer edition than what I used to have!) can be found HERE. Once you know how to make the fairies, you can get extra supplies at a craft store.