Soften the fondant by kneading it for a few minutes till its soft and easy to handle.
Roll out the fondant into a long rectangle, doesn’t have to exact using a rolling pin. The fondant should be 1 millimetre or so thick. If you don’t have a rolling pin, use a bottle.
Cut a strip of fondant, 4 cm wide and 16 to 18 cm in length. Also cut three more strips of fondant, 2 cm wide and 7 cm in length.
Take the largest strip and fold it in half. Pinch it slightly at the middle to mark the middle.
Now take the plastic/tissue and roll it like a cigar. Place the plastic in the middle half of the ribbon and fold the fondant over it. Similarly, do it on the other side as well. Using a bit of water stick the fondant to itself in the middle. Use a paintbrush or your finger to do so with very little water.
Using your fingers pinch the middle of the bow to itself.
Now using one of the smaller strips, fold over the pinched part of the bow and close the seam at the back, again using some water.
With the remaining two strips, cut out a small triangle at the bottom of each. Place these to strips on top of each at an angle and stick the bow on top again using some water.
Dry this overnight or till it hardens (can take a couple of days too) and then remove the plastic in between the fondant.