Turn it into a yarn pom pom (or pom poms) and make one of these pom pom crafts. This post is full of wonderful crafts made using homemade or store bought pom poms. 35+ POM POM CRAFTS (THE BEST IDEAS) ...

The pattern on my garland uses 1 large pom pom with Christmas variegated yarn, 1 large pom pom with green yarn, 4 medium pom poms with cream/gold yarn, and 2 small pom poms with red yarn.