Pennants are not just for football and baseball games any more. Pennants can be used for all sorts of decorating projects. Instead of cutting out a triangle, and trying to get the dimensions properly, you can use a pennant template found on many craft sites. This can help to cut out pennants in all sorts of colors, and decorate your home for almost any occasion. For a birthday, cut pennants out in primary colors, and paint a letter on each to spell out happy birthday. Hang the pennants on one strand of twine and hang it in the party room, or over the dinning room table.