Mystery thing

Satu has a project. This is not unusual, she is usually in the process of becoming an expert on something new and creating wonderful things in our lives. She knows a lot about cigars, magic playing cards and coins among other interests that pop up daily. But right now she is full steam creating a present for me. I am excited beyond belief. It reminds me a lot of when I was a kid and I would stay up all night with my sister on Christmas eve, except Christmas eve is lasting forever and the suspense is just continuing to build.

Two nights ago, Satu thankfully was willing to answer some questions so that I could relieve some of this excitement by having a few hints about the mystery thing. She told me that she was just going to say yes to everything. I realize that this means that all the answers were meaningless, but still I FEEL like I now know some things.
Here is what I know based on the questions that I got right.
There is an involvement of glitter.
It is the size of yellow and also half the size of yellow and much smaller.
It is made of cloth, at least partially.
It is also made of paper, at least partially.
There is string, glue, paint, markers, printed things and cardboard letters.
It can be hung on the wall or from the ceiling.
It is a book.
It can fit on a bookshelf.
You can wear it.
One person can hold it in one hand or two, or two people can hold it with three hands. Mutants can also hold it with three hands.
It is portable.
If I saw it in the world, I would know what to call it.
It has a category.
It has something to do with ship flags.
It involves very tiny pixels.
It is a candle.
I want it. I inspired it.
It is everything.
It could be eaten.
It is VERY, VERY exciting.

Later when I have it either on my wall or I am wearing it or holding it with my three hands, I will post a picture of it and compare all of the things that I know about it with its real world self.