Stampin' 'n Stuff: Christmas Paper Wreath. This link sells the instructions on this wreath. However if you have double sided Christmas paper and some hot glue, make a LOT of cones and glue them in a circle.
This article is about how to make paper wreaths. It includes a wide variety of tutorials for handmade craft home decor. The possibilities for paper include scrapbook paper, old books, tissue paper, and much more.