I can't remember what this started out to be but I cut a pennant and started folding until it looked like something. So here we are. You can download the free tutorial here.
To add wings cut a large butterfly using Stampin' Ups Beautiful Butterflies die.

Congratulations! I just wanted you to know that your project will appear on the Yahoo Group Late Night Stamper’s blog finds of the day for December 9. Want to receive your own copy of the blog finds of the day? Join us at http://groups.yahoo.com/group/stampinuplnstampers/
Posted by: Kelly Mayou | December 08, 2009 at 04:52 AM
Thank you so much for sharing this with us Jackie! She is lovely! :)
Posted by: Becky Jensen | December 07, 2009 at 01:26 PM
Very cute! Don't you love when something like that just pop from playing with paper!
Posted by: pesc | December 07, 2009 at 12:44 PM