I saw this on another blog and LOVE it! It is my absolute favorite hairstyle on my little one. It just fits her perfectly.
As you pull each piggy through, don't pull it all the way on the last twist of the elastic. If the hair is long enough, put it in with the next piggy. The last piggy gets flipped up instead of down (does that make sense?) and the ends curled. I love to add little bitty bows, I think it adds the final touch.