Don't you just love the paper peonies on the front of the new 2011-2012 Idea Book and Catalog? I do, they are so beautiful and fresh! Here is a quick tutorial on making them. I attached mine to bamboo skewers in the photo, but you can use floral wire as well. If I had some I would have used that.
Punch 3 scallop circles using the 2-3/8" scallop circle punch.
Spray the circles very lightly with water to soften them. Scrunch them up into balls and work them until they are mostly dry. If they are too wet they can tear in the next step, trust me I know ;)
Unfold them carefully and find an edge where you can easily pull them apart. You will end up with six scallop circles all together.
Lay all of your circles one on top of the other and secure them with a brad. I chose to layer them fuzzy side up.
Pull the layers one at a time up into the center.
Fluff your flower into the peony shape.