Well basicly I found a small pin button and took it apart.
I ripped the old paper off and covered the top metal piece with magazine paper and mod podge.
Before I put the back on I laid two pieces of jelly elastic down over the back of the top piece and closed them in with the back.
Then I beaded it and bam new ring. (:
I'm really proud of myself for figuring out how to use this little button.
thanks for looking