dowels from the craft store
eye screws from the hardware store
an assortment of ribbons
An adult will probably need to screw the eye into the end of the dowel.
And then let the kids decorate them with the ribbons! Tying them to the eye is great, but the dowel can also be wrapped with ribbon and then taped if so desired.
We did this today at church camp, and it was a big hit.