I have this old ribbon memo board that was in desperate need of a makeover. Here's a before:
I tore off the back lining, the front fabric and the ribbon then replaced them with some that go a little bit better with our decor.
I repainted the buttons to match the ribbon.
Here it is in action.
Here's a pic of the back of the memo board. You can see that the sides and the two middle pieces are thicker than the rest. The little pieces of brown tape are covering where the staples are coming through the back. (Here's a little secret...the buttons are hot glued on. I stapled where the ribbons cross, then glued the buttons over the staple.)
This is a pic of how thin the main board is.