Wrap A around cardboard 26 times. Cut a length of A, and thread doubled into large-eyed blunt needle. Insert needle under all strands at upper edge of cardboard. Pull tightly and knot securely near strands. Cut yarn loops at lower edge of cardboard.
Cut a length of B and wrap tightly around loops 1 1/2 in. (3.5 cm) below top knot for neck. Knot securely; thread ends into needle and weave ends to center of Tassel.
Separate 6 strands on each side of Tassel for arms.
Divide strand on one side into 3 groups of 2 strands each. Braid for about 2 in. (5 cm). Wrap ends with a length of B, then trim just below wrap.
Repeat for second arm.
Divide 6 strands from inside Tassel into 3 groups of 2 strands each for leg. Braid for about 2 1/2 in. (6.5 cm). Wrap ends with a length of B, then trim just below wrap.
Repeat for second leg.
Wrap remaining strands of Tassel loosely with a strand of B about 1 1/2 in. (3.5 cm) below neck to make waist.
With C, embroider straight stitch eyes.
Trim Tassel ends evenly so legs show.
Cut 6 strands of B, each about 6 in. (15 cm). Knot together at one end. Divide into 3 groups of 2 strands each and braid. Wrap braid around head. Thread a length of B into blunt needle and sew ends of braid to back of head.