Double the chenille material either right sides together or wrong sides together. Pin the oversized template directly to the material. If your material has a design on it, take that into consideration as you are laying out your pattern.
Cut around the template. If your material has trim or fringe around it, cut that out separately and use it to trim out the top of your stocking. Stitch the trim or fringe to the top of the stocking before sewing the two sides together.
Place your pattern pieces (right sides) together, pin and sew. Stitch 1/4- to 1/2-inch all the way around, leaving the top of the stocking open. If material is too thick to run through your sewing machine, hand-stitch the corners of the trim at the top of the stocking together.
Turn the stocking right side out and run a 1/2-inch top stitch around the outline of the toe and the heel of the stocking. This will keep it from puckering when you hang it.
Drape old laces around the top portion to embellish. String the necklace across the front of the stocking underneath the fringe and hand-stitch into place. Create a loop for your stocking with a stock chain or ribbon.