My first knitted bunting was done as 12 pennants on 2m lengths for quite small spaces. I've recently finished another one, where I spaced 12 pennants over a 4m length. It will shortly be posted to my niece who is moving house. I've no idea if she'll like it or even use it! It is the same pattern as I used before, from The Gentle Art of Knitting by Jane Brocket.
God willing, I will post this on the Yarn Along at Small Things tomorrow!