Here is what you need:
Scrap material in candy corn colors (yellow, orange, white)
Hot glue gun
Start by cutting strips of material. I wanted my pennants to be about 4 inches across the top and 6 inches long. I cut my strips 2.5 inches wide.
Sew the strips together and iron down the seams. You will end up with a wide striped strip of material.
You could leave it just like that, but I chose to add some rick-rack to make it a little more 'fancy'.
Next make a triangle template out of card stock. My triangle was 4 inches at the top and 6 inches long. Using the template, cut out triangles from the material to make the candy corn.
I ended up with a stack of pennants. Initially, my plan was to just glue the pennants on one side of the ribbon, but since I ended up with the scrap material also shaped like pennants (only reverse candy corn color order), I decided to do double sided.
Using hot glue, I glued one pennant onto the ribbon. Then I glued a second pennant to the back, folding the top of the triangle over the ribbon. I did not sew up the edges or anything, I think over time the fraying will make them more 'charming'.
And here's the finished product, hanging up in my living room. I think if you didn't have scraps of material, it would be cute to use Halloween fabric in the the three colors. This project took me about an hour total time, so it was super quick. It would look really cute hanging across a mantel.
I have jotted down a few more ideas for pennants, so I don't doubt you will see them again in a future post.