Sharing a DIY mini graduation cap. The school colors are blue and gold. I wanted to sparkle it up a bit.

I used a blue sheet of Darice Glitter Sticky Back Foam. I cut the square and a long rectangle.

I used a blue card stock to stick the square foam piece to. Even though the foam has a sticky back, I did use more glue to secure the card stock. 
For the base, I used a paper towel tube. I used the previous cut rectangle foam as a guide to cut the tube. Then all I had to do was stick the foam on to the cut tube. 
Next I marked where I wanted to position the brad at the top of the cap. Once I figured that, I painted it with a nail polish that was a close match to the blue glitter foam. Stuck the brad in once the paint was dry.

I glued the top and the base together using a glue gun.  
For the mini tassel, I used a fork and embroidery floss. I followed the instructions of this YouTube video. I lifted the brad and looped the tassel on it. 
Finally, I glued a clip to the base.

Here is the finished mini graduation cap.