Do a web search and you'll find several ways to make a gift bow, but I have designed one for MTC. JeannetteC from the forum has allowed me to use her assembly directions and pictures here. Forum discussion is here.
Bow file: download here. This is for 8.5 x 11" paper and will make one bow. This file can also be resized to 12x12.
Method 1: (Starting from the center and building down)
Take a small one and make a loop. Place brad inside it, poking out.
Working with the smallest strips to the longest,
Take a strip, place on the brad with the wrong side touching, bend around and put other end on the brad, again with the wrong side touching. Keep repeating, spacing the pieces out to form the bow.
Open the brad to hold bow in place.
Method 2: (starting from the bottom and building up)
Working from the largest to the smallest,
Take a strip, place on the brad with the good side down, bend around and put other end on the brad, again with the good side down. Keep repeating, spacing the pieces out to form the bow until you have one piece left.
Put the one end on the brad as before, but loop this last one into a ring, then put the other end on the brad.
Open brad to hold bow in place.
Both methods get tricky as the bow gets fuller.