We made this last night. Super Easy, and Super Cheap. I made these beards for both my girls for only $0.25. I already had the yard to tie them so I only had to buy the felt which is 25 cents a sheet at Hobby Lobby.
For the free printable pattern just go here http://wemadethat.blogspot.com/2012/02/leprachaun-beard.html
those are two cuties.....the beards too.....lol