The core of this piece is made from light weight foam board, trimmed along the edges to create a 45degree angle to provide a snug fit when its time to construct the box like center.
To make 'red' hangable I threaded a length of red chord through the hollow at going through the center of the foam board core and through the gap in the folded fabric.
I couldn't get my head around a decorative knot for this one (as I am only beginning on my voyage into the unknown world of knotting) so I had to resort to fashioning my own version of a knot.
The very final touch for the barber-shop-front-esque word was to give it that distinctive scalloped edge. Having chosen a fabric that frays, and without the option of hemming, I had to affix an adhesive backing onto the fabric. Unfortunately I didn't have any self adhesive backing and had to improvise by way of double sided sticky tape and some finer fabric, which I then cut into shape following a paper guide I made earlier.