What you need:

2 cups bread flour
1 cup salt
¾–1 cup lukewarm water
½ teaspoon oil
acrylic paints
fast drying clear coat
ribbons

Method:

Combine the flour and salt in a bowl.
Add the water and oil and stir with a wooden spoon.
Place on a board and knead for about 10 minutes. It should be formable, but not too soft.
If you feel it’s too soft, add some more flour. If it’s too hard, grease the palms of your hands with some oil and continue kneading.
This is how you can tell whether the dough is just right: pinch a small amount of dough, roll it to form a cylinder and lift it holding it with two fingers on one end. If it elongates, it needs more flour.
Form a ball, wrap with plastic foil and leave to rest for an hour.
Roll the dough out and cut with cookie cutters to get various shapes. Use the remaining dough to make a braid, wreath or nutcrackers (like we did).
While working with a part of the dough, keep the rest wrapped, lest it should dry.
Don’t forget to make a hole for the ribbon if you want to hang them.
Dry in an oven preheated to 50 °C for about 5 hours.
When completely dry, decorate with acrylic paints, apply the clear coat (it’s easier to use spray coating) and insert the ribbon.

NOTE: To colour the dough before baking it, add several drops of food colouring while kneading it.