Equal parts applesauce and cinnamon
(I used 1 cup of applesauce, 1 cup of cinnamon, plus a few extra shakes to firm up the dough a little better)
Mix, roll out to about 1/4 inch thick and cut with cookie cutters.
Place cut shapes onto another piece of wax paper, make a hole at the top of each shape so you can string ribbon for the ornament later.
Place the wax paper with the ornaments on it onto a cookie sheet and bake at around 140 degrees for several hours. I just let them sit for hours in the warm oven with the door cracked. If you'd prefer you can let them air dry for several days.
After they were nice and firm, I let them cool completely.
Then strung ribbon through the holes and tied.
The result is the house smells insanely delicious, and I hear the ornaments themselves retain their wonderful scent for a long time.
Thanks Stephanie for the tip!