Or rather a whittle along. These are fast and easy. Not necessarily five minutes to make, but depending on the wood, it isn't far from it. I usually use poplar or basswood for these. I use a 3/4" board and rip 3/4" strips lengthwise. These ornaments are only four inches long so a 24" strip will get you twelve blanks. OK, quit scratching your head and doing math and let me explain. I turn the strip up on one corner and run it thru the bandsaw and cut corner to corner. Once that is done I cut four inch sections.
Then I make a few marks as guides for the hat, brow, and bottom of the nose.
The top line will be the bottom of the hat. A stop cut is a simple cut straight into the wood, where other cuts will cut into and stop. Make a stop cut on the bottom line, move down about a quarter inch and cut toward the stop cut on both sides. This will be where the eyes will be.
Now make a stop cut at the bottom of the nose maybe 3/16" deep. Move the blade down about 3/16" and cut diagonally toward the cut at the bottom of the nose. You just formed the bottom of the nose and started where the top of the mustache will be.