Using your iron, fuse the three layers together with the fusible web (the three layers makes a nice sturdy ornament).
Trace the pattern for the pants onto the fabric and cut out.
Fuse the pants to the felt using your iron and the fusible web.
Using the white craft paint and a toothpick, make small dashes around the edge of the ornament.
Make a face using the black paint and a clean toothpick to draw two eyes and smile, and the red paint and a clean toothpick to make two small circles for rosy cheeks.
Cut a small bow tie shape from a contrasting color of felt and glue on at the neck.
Glue two or three small buttons down the front.
Cut a 6" piece of ribbon and glue both ends to the back of the head to make a hanger for the ornament.