I think it turned out super cute and will make a great decoration on the gift table at the Thing 1, Thing 2 baby shower that I'm getting to help throw for a friend this week who is having twins!
Here's what I did:
I cut out a piece of cardboard in the shape of circle (I used an old pizza box that didn't have any grease on it). Then I hot glued some fabric to cover the cardboard. It only has to look pretty on one side.