This one may look a bit complicated but it's really pretty easy. I've provided step by step instructions to hopefully help you if you get stuck.
Here are the supplies we used for this hairstyle. We have two different colors of ribbon and a plastic yarn needle. (This picture shows green ribbon but I decided to use white ribbon in the actual hairstyle. Sorry for any confusion.) I also made some really simple hair clips by gluing some gift bows to the top of alligator clips.
Start by dividing the hair into 4 equal sections by creating a part horizontally across the back of the head and a part vertically straight down the middle of the head. Secure each section into a ponytail right in the middle of it's section. Start with your top-left ponytail and divide it into two equal sections. Do the same with the top-right ponytail. Take one section from each ponytail and bring them together over your center part and secure them with an elastic. That will be the top part of your present and you will now have a new ponytail right in the top-middle.
Move down to the bottom-left ponytail and divide that into two equal sections. Pull one of those sections and the remaining section from your top-left ponytail together over the center part and secure them with an elastic, creating another new ponytail. This is the left side of your present.
Move down to your bottom-right ponytail and divide that into two equal sections. Take one of those sections and combine it with the remaining section from your top-right ponytail. Before you place an elastic on it, pull over the new ponytail created on the left side of your present. Include that with those two sections and secure it all with an elastic. That is the right side of your present and a new ponytail.
Grab your last two sections from the two original bottom ponytails and bring them together over the center part. Also bring down that new ponytail created on the top part of your present and include that and secure it with an elastic. Now your entire present is formed including the criss-cross parts in the middle and you should have a ponytail coming off the bottom part of your present and one coming off the right side of your present. Twist these two final ponytails into a side-Corkscrew down on the right side and secure it at the bottom with an elastic.
Now you are ready to start weaving your ribbon. Thread the yarn needle with the color that you want to use as your present outline first. Start wherever you like and just wrap it around the whole outside square that is the border of your present. When you get back to where you started, tie the two ends of ribbon together and cut off any excess. Tuck in your know and then use a bobby pin to secure it inside the hair so it stays hidden. Grab your second color of ribbon and thread your yarn needle. Outline the criss-crossing "ribbon" part in the middle of your present. Tuck your ribbon ends into the hair and use a bobby pin to secure them in so they don't pop out later. Your last step is to add your wrapping bows. I placed one right in the middle over the crossing ribbons and one at the end of the Corkscrew.