you will need: embroidery thread and scissors, i have found that one skein of embroidery thread makes about one and a half of these 1 and 3/4 inch tassels.
first up, take your thread and wrap it around your index, middle and ring finders like so:
until it's about that thick. then pinch this group of threads together at the top (of your index finger) and slide/inch it off your hand, so that you're left with this:
make sure you tie that knot tight! lastly you need to cut that bottom loop open and trim it until the bottom edge is even. hopefully you should now have a tassel! woohoo!
and now that you have a tassel, you can make cool stuff with it like this: