FOLD & CUT THE PAPER: but make sure you leave a corner connected (so it opens like a card)
Leave the corner connected. (top right corner)
Cut the bottom of the "donut" in order to create loose strings.
It should look like the attached tassel (in right photo)
PUT THE TASSEL IN THE CAP:
Poke a small hole in the front of the card (I used a paperclip) Then pull the string through, and tie a knot in the inside of the card.
A Second CONGRATULATIONS CARD! Very simple. You can write this in a cool font to make it look nicer. I individually cut out each letter from a different piece of paper.
HAPPY GRADUATION! :)