I found this really cool tutorial for faux ribbon on Croppycatter's Corner blog. I love ribbon but I hate to buy it because I hardly ever use it all. Case in point I still have the ribbon left from making my BIL's wedding invitations 3 years ago and I use it as often as possible (french blue from SU, now retired). So I was very excited when I ran across this post. I am going to have to try it when we get back from the beach.
Faux Ribbon Tutorial