Evergreen swag/garland, make it look like a couple loops of it (think two sideways parenthases touching together). Let it be player made so that you can have many of them to drape up and down the stairway or around the ceiling or over doors or across the mantle of a fireplace. Can either be lighted or not lighted, maybe a quest version with lights but the quest can be repeatable.. just thinking out loud, but I do like the garland idea. I've always felt that was missing when decorating a house for frostfell.
Even if it draped like the carpenter made death shroud would be nice. That purple ribbon thing with a skull on either side.
Or two player items, one the 'drapey' (yep pretty sure that isn't a real word...just go w/ me folks) swag and one that is a straight lenght of garland. Then the players could have more options for 'playing' with how they use the garlands. (I can see a few fae using the straight garland to make the chains for their porch swings).