What you need:
Chipboard banner - I found mine pre-made at Hobby Lobby for about $2
Craft paint - orange and black
Modge podge (or watered down elmer's glue)
Halloween wood cut outs - I went with ghosts
Halloween wired ribbon, 2 rolls
Paint the letters black and let it dry.
After everything dries, paint modge podge (or watered down glue if you're cheap like me) onto the orange dots. Use a spoon to add glitter on top. I alternated glitter colors because I didn't think I had enough of one color to do all of them.
After you shake it off well (outside - but don't worry you'll still find it on the rug, the chair, the piano bench, your face, and your puppies), cut the ribbon into small pieces (I think mine were about 6-8 inches each). Starting next to the letters, tie the pieces onto the banner in knots, alternating ribbons. Then glue on your wood cut outs and you're done!