Simply adhere cute scrapbook paper around the can with modge podge. Use a hot glue gun to add ribbon running down the sides of the can. I glued the ribbon just inside the lip of the can and under the bottom. Embellish the top of the can as desired and wala, you have this:
A cute bow holder that can be kept anywhere.
Inside the can you put headbands, ponytails, anything that doesn't have a clip.