It's very simple and only requires three punches.
Ink : Colorbox
Embossing folder: Swirl - Tim Holtz (Sizzix)
Greeting stamp: Holidays - Club Scrap
Punches: 1 1/4" square punch (PB) to create banner tails
misc.: foam squares, 1/8" satin ribbon for the little bows, white gel pen
Instructions for the advent wreath below:
Next up will be a lovely card that "lights up the neighbourhood".