For this cake, the requester liked the gift cake design and wanted hearts incorporated into it. Because this was for her boyfriend's birthday, I picked a color that was more gender neutral but still colorful.
To start, I covered a square cake in green fondant.
Added the border and hearts to the corners.
Made loops using the same ribbon pattern and let it dry for about an hour to harden a bit.
Started making the bow. Some people wait until the loops are completely hardened before making the bow but I think it looks better when the fondant is still malleable so that the bow can be molded to the way you want.
FYI, I added small folded pieces of paper towels in the loops so that they would hold their shape while drying. I removed them the next day after the loops hardened.
I also made some hearts, placed them on wires to stick on the cake and stuck them on the cake the next day.