This felt project was a cute idea I found in Simply Sublime Gifts by Jodi Kahn. The bases are those silicone cupcake holders. The "cupcake" itself is made from felt and stuffed with batting basically. Then buttons and rickrack are the decorations. I found that the old-fashioned thicker felt (of which I have a stash that is probably 50 years old !) does not work very well, as the pins you would like to stick into the pincushion do not go in easily. So the little rectangles you can get at the craft stores work just fine for this project.
My old pincushion, which my grandma made about 35 years ago, was in dire need of replacing. It is also a cute idea...a round piece of Styrofoam on a cardboard base, covered with fabric and netting, then tied with a ribbon for the hatband.