Prepare your materials based on the provided list.
Begin with a peyote stitch to create a strip that will wrap around the tassel.
Measure the strip against the tassel to ensure a snug fit, then join the ends to form the cap.
Optionally add embellishments over the cap using additional seed beads and Miyuki drops for a decorative touch.
Securely attach the beaded cap to the tassel using beading thread, ensuring it is tight and secure.
Finish by weaving in any loose ends and trimming excess thread.