With the holidays just around the corner and learning how to create generated textures in Blender, I decided to create an ornament and try out different textures after seeing some examples on another site. Get the blend file here: Xmas Ball 01.blend
Here are some examples using the wave texture:
Want to try this texture? Here’s my node setup that I got from another site. Play with the colors and settings! And also some variations uploaded to Second Life.