And here's how you can do it for less than $5!
You will need a piece of fabric, some felt, a hot glue gun, and a headband. I had felt, fabric, glue gun and a headband on hand that needed to be upcycled, so this project was free for me!
*Note: I actually ended up using a stretchy headband instead of this white one.
Next, using your hot glue gun, glue the tucked ends under to secure them.
It should look something like this:
This would work great as a clip too if you don't prefer headbands (you might have to make it a little smaller, but I bet it would still be cute). I love this design so much I'm going to make a few different colors.
*Note: I am no hair model, so apologies for the weird cropping. It's actually quite cute!
Update: here's what a smaller version looks like on a bobby pin. This would work great on an alligator clip too.