I originally found this idea over at Trey and Lucy a while ago. It's so cute! I made an earring holder for both me and my daughter, I love the way hers turned out!
What you need:
An old picture frame
Rhinestones, ribbon, bows, ect.
Hot glue gun
Take the glass out of your picture frame.
Cut your lace to be slightly larger than the frame.
Hot glue the lace to the back, stretching it tight.
Decorate as you see fit!
Isn't it adorable! Perfect for my little girl's pink and turquoise room!