I did go a simple route when making this. I didn't want to pull out a hot glue gun. All you will need is a candle to burn the tips of your ribbon, a hair tie, and... RIBBON! I think I had about 25 pieces total, each about 4 inches in length.
You will also need a cute little girl to hold the hair tie while you double knot the ribbon to it! No... you may not borrow mine. I wasn't real particular about how I put them around it. Your are going to have to wrap it around the pony several times anyways.
See! She said it looked like a firework! So cute.
Perfect for easy hair day! Well... minus making the hair tie, but easy enough!