Begin with the largest circle template. This should have been photocopied onto red construction paper. If photocopying is not an option, simply cut the template and use it to trace the circle onto the red construction paper. From there, you can draw the individual lines which divide the circle into 8 pie-shaped pieces.
Cut the circle shape from the construction paper. Discard scraps. Next, the lines within the circle will be cut. Beginning from the outer edge of the circle, make cuts following the line into the center of the circle. Be careful not to cut entirely into the center. Instead, be sure to stop where the line ends.
Next, you will fold the ends of each pie-shaped piece into a triangle. The edges of each piece will overlap slightly. This is where you will apply the glue, so that they are secured and do not come apart. Continue doing so, all the way around the circle. Lay the completed flower on the table, so that the glued sides are facing the bottom, and cannot be seen.
Next, move on to the middle and small circles, repeating the same steps as described above. When you are finished, you will have three separate poinsettia flowers. Stack the flowers so that the largest is on the bottom, and the smallest is on the top. Push a brass fastener through the center of the three flowers, and open the fastener on the back side, so that all three flowers are secured to one another.
If you so choose, the poinsettia may now be decorated with glue and glitter - for a festive touch.