I made two cutouts, one for each half of the bow.
Here's another view:
I also made a strip wide enough to mask all the raw edges in the middle and wrapped it around:
I also made a blue bow, that included a couple of "tails." These got their shape from being allowed to dry on a wave flower former. The fondant can be dusted with any variety of edible glitter, if you like. When the fondant is good and firm, you can remove the tissues and it will hold its shape. I'll show you in the near future what I made the pink bow for (no, not my hair).