Christmas Lantern Ideas Diy . Mason jar lanterns are also affordable and can be used for indoor lantern centerpieces or unique hanging lanterns. Lanterns are amazing for any season and any holiday, we’ve already told you of lots of them. Attractive DIY Christmas Lantern Decorations Blushery from www.blushery.com Choose red and white paper for a candy cane theme. Simply fill up your lantern with pine cones. On 4 of the blocks, use a ruler to draw a line diagonally across the back, both ways, to divide it into 4 triangle spaces.