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This is really the same craft as the coaster, but is built for younger kids (I have a 2 yr old and a 6 yr old so always have to make sure I have a version suited for the youngest).
You can use this paper craft to hang on the wall or fridge, or you can glue it to the front of a home made construction paper Fourth of July greeting card, or you can turn it into a Fourth of July medallion.