8 Pointed Star [pdf]

This model makes a great ornament or gift. It's not that hard, taking only about 5-10 minutes to complete.

I recommend using a somewhat thin paper that you can still wet fold (or finish), and you may need to iron the model when finished to get it to keep its shape. Foil works well, also.
As you can see in the picture, you can add a circle behind it. You do this simply by squash-folding the four flaps on the back symmetrically.