This is a modern version of the Chinese "Double Happiness" icon. It is considered good luck to display it in your home. It makes a nice Christmas ornament when cross stitched with black thread onto red 11 gauge material.
Time: About an hour total
11 gauge cross stitch canvas
black thread (use 2 - 3 strands)
Count four squares for each stitch. You can add your own straight or decorative border. Use fabric glue to glue onto plain red or black material of the same gauge.
Cut a bit larger than you will need, and pull 2 - 3 threads from the end, creating a nice fringed effect. You might chose to edge with gold brick-a-brack. Add a hanger with a bit of red or black thread knotted at the back