Yarn cap ornaments

Look at the video of these fun yarn cap ornaments that I found on You Tube!

So easy and a great way to use up those pesky yarn scraps.  Of course they are designed to be ornaments, but I can also see them as package decorations, or place cards at the Christmas table (you could hang a tag with the guest's name from the pompom).  Wouldn't they be fun made in everyone's high school or college colors?