Draw a 2-, 3-, 4- and 5-inch circle on your paper. Cut all the circles out. Trace each paper circle three times onto wool felt. Cut out all the felt circles.
Separate the circles into stacks according to size. Hold the stack of 2-inch felt circles in one hand with a dime in the center of the top circle. Make snips every 1/2 inch along the perimeter of the stack from the edge of the circle in to the edge of the dime. Repeat with the remaining stacks of felt circles.
Stack the four piles of felt circles from widest to narrowest. Push a 1-inch brad fastener through the center of the stack, and open it on the bottom to hold all the felt circles together.
Attach a decorative 1/2-inch button to the top of the brad with a dot of hot glue. Fluff the petals of the flower with your fingers. Twist and curl some of the petals with your fingers to give the flower more dimension.