Use the handle end of a paintbrush to add pairs of ovals and circles in orange, green, and yellow all over the letters.
When those have dried, use the handle end of a paintbrush to dot on the blacks of the eyes. You can use the paintbrush to add eyebrows as well.
When everything is dry, give them a coat of sealer.
Fold the ribbon in half and begin hot gluing it together, starting about 6-inches down from the fold. Leave room at the bottom as well to tie into a bow.
Position letters onto the ribbon then hot glue them on. Tie remaining ribbon into a bow and hang!