Make bunting, of course! I don't know if I should tell you all how easy it is, or leave you thinking I slaved over it... ok, I'll tell you how easy it is.
You literally just sew circles of paper together. Yup, that easy. The hardest part, actually, is finding a cool old map to cut up. Thankfully there are a few hoarders in our house, and there were a few vintage melways and Sydney and Canberra UBDs to choose from. I love love love the beautiful old inks and matt paper.
It was the perfect not-watching-the-Melbourne-Cup public holiday activity. I reckon you should give it a go. Or if you want me to make you one, I'm thinking of selling them, so give me a holler.