I finished my first ever ring pillow. What a learning experience! It wasn't that hard to do, and I sewed the entire thing by hand...
Were I to do this over again, I would have pinned the whole pillow before stitching it together, and I would have used a wider grosgrain ribbon... Next time.
Things you'll need to do this: a 10 x10 inch wool felt square, a complementary fabric of the same size, a grosgrain ribbon long enough to wrap around the entire square, stuffing, a small piece of ring tying ribbon, a nice button, and miscellany to make felt flowers (or you can purchase them at a craft store).
Make sure that your fabric squares are very even. Pin the wrong side of the grosgrain to the wrong side of the fabric, being careful at the corners (things can get wonky there) with 1/4 seam. Stitch the complementary fabric until the ribbon is entirely attached to one side, then do the felt side. When you have approximately 2 inches left before your close the pillow. Turn it right side out, and stuff the thing with tons of stuffing. Sew the pillow closed and revel in your amazingness for a few minute...
Maybe drink a beer at this point, or just repeatedly show it to fiance and say, "See what I made! See what I made!" Once you get over that, and get over the imperfections at the corners, attach the button in the center by stitching all the way through the pillow and back again. You'll get a nice pucker in the front and the back. Then attach your previously constructed felt flowers in a way that makes you happy.
At this point you'll need to interrupt the movie your fiance is watching to say, "Does it look right now? How about now?" This may or may not get the desired response. Once you are satisfied with the placement, stitch down the flowers (which is easier said than done).
Try not to curse when you are stabbing yourself in the fingers while pulling the needle through multi-layers of felt. It is really important at this point, to avoid getting the blood you've drawn on the pillow itself.
When the flowers are attached to your satisfaction, dance around and gloat, and alternately despair at the crooked corners. Wonder aloud if you will make another one or just use it as is. Ultimately realize that nobody is going to notice the problems except for you.
Then attach the ring-holding thin ribbon underneath the button. Tie a simple knot and call it a night. Blog about it immediately!
So here are some images of the process.