Here is a quick tutorial on a simple banner I made for Easter. And the best news, it cost roughly $0 to make!
Assorted paint chips
Step 1: Make a pattern for the flags on your banner. I used graph paper and a rounded top to do this. Then trace the pattern onto the paint chips and cut out. If you do "He is risen" with flags in between each letter like I did, you will need 13 flags.
Step 2: Using a stencil of your choice, trace and color in the letters onto the flags. I used a stencil from Martha Steward and traced the letters with black marker (I tried it first with acrylic paint, but the letters turned out blurry due to the texture of the paint chips.
Step 3: Hole punch two holes at the top of each flag.
Step 4: String the banner together with ribbon.
Step 5: Apply tape to the back of each flag to keep it in place.
Step 6: Display! Don't worry, this is just up temporarily. I know we still have to get through holy week!