Trace 4 equal sized rectangles on card stock. Leave a smaller 0.5-inch border at the top & bottom, and another at one side. Fold along the dotted lines shown and cut along the solid lines outside.
What you have now is the frame of your paper lantern with the front facing up. Turn it so that the back now faces you.
Cut out rectangles from thin tissue paper – make them slightly bigger than the empty rectangles. Paste these tissue paper rectangles over the corresponding empty spaces on the card stock. As for the color scheme, you can alternate colors.
Now turn the frame back up, with the front facing you. Fold and secure all edges to form a paper lantern.
Decorate the edges with Washi tape. Go for glittery options for a festive feel. You can also embellish the lanterns with stickers or sequins. Finally, weave a wire at the top so you can hang them. Fix a bulb inside and your lantern is ready!