Measure and cut fabric
Eyeball how tall your fabric strips need to be to wrap around from the stem to the base of your pumpkin. Cut approximately 1" wide strips, enough to span your pumpkin.
Brush on Mod Podge
Brush on a thick layer of Mod Podge onto one or two pumpkin bumps. Don't Mod Podge the entire thing, you'll want to only add it as you go.
Place on fabric strips
Place on fabric strips from the base of the stem down to the bottom middle. Continue to add strips overlapping each other.
Wrap stem with ribbon
Cut one or two small pieces of elastic ribbon to cover the top. Wrap the elastic ribbon around the top and work your way down. Tie off the final piece with a simple loop.