All you need to make this adorable bug is an old disk, some red and black felt, a small piece of chenille stem, and some wiggle eyes. You will also want to grab some glue. As you can tell from the picture, this craft is made using several circles: one large red circle, 6 or so small black circles, and even a large black half circle! You can use this picture as a guide to make your CD ladybug, or you can find more detailed directions here.
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(Image © 2012 Sherri Osborn licensed to About.com, Inc.)