To start, I purchased primed 4" x 4" canvases with a 1-3/8" depth.
For the peace hanger, I stretched fabric over the canvas. I attached the fabric to the back of the canvas with a staple gun. I then sealed the fabric with a satin gel medium. After the canvas was dry, I painted over the fabric with a white metallic acrylic paint. Before the paint had time to dry, I used a wet paper towel to remove areas where I wanted the fabric to show through. Next, I used scrap booking letter stickers to spell peace. I applied a second layer of satin gel medium. After that was dry, I went back in and painted on top of the letters adding details here and there. Finally, I coated the entire canvas with a sealer.
After the sealer was dry, I cut a 40 inch length of ribbon. The ribbon should have a width between 1" and 1-1/2". I adhered the ribbon to all sides of the canvas with hot glue except for the top. Then I tied a bow at the top. (Don't be confused. The picture above shows a variation using the same fabric background. Here I traced a letter and painted in the monogram. I added a slightly different border with the turquoise paint that I have a fondness for lately.)
To the right is a simple monogram door hanger with a plain=no fabric background. After painting the background, I traced my letter on the canvas and then filled in with black acrylic paint. I also painted the sides of the canvas black before I attached the ribbon.
Now I think I need to go bake some cookies. I'm having withdrawal.