Make a DIY ornament wreath!
And, if I were craftier or had more time (perhaps I could coerce a friend to help me?), I'd so try this project featured over on CB2 (which, rumour has it, may be coming to Toronto soon!)
They say the project is pretty simple (find full directions here) - simply string ornaments, in your desired colour palette and design, on strong stiff wire that can be bent into a ring (a wire hanger could also do the trick), then tape or twist the ends together and hang it!
Their wreath was about 28" in diameter, using about 55" of wire and 81 ornaments.
I'd love to see a monochrome version hung on a window or mirror!