I've seen these all over blog land and couldn't believe it when I went to a craft fair and they wanted $64 for one! A good friend loved it so I promised her I'd make her one. Mine cost a grand total of $2.
I started with an old book of sheet music ($1.50 at goodwill), my tape gun, paper cutter, and a glittery poinsetta ornament from the Dollar Tree.
Then I rolled each piece into a cone and taped the last corner to hold it together.
Repeat, repeat, repeat.
Once I had about 20 done I assembled them on a small piece of poster board with hot glue. I kept making more and layering them as I went until the wreath was full enough. I kept mine all one length, but you could do varying sizes to give it more texture.
I cut out a scalloped edge circle to cover up the middle and then added the glittery poinsetta.
Then attached a piece of twine on the back to hang it up.
I don't know who would pay $64 for one of these, but it was so easy I guess I better get in the business!