First I gathered pretty papers (This is a GREAT way to use up small pieces of scrapbooking paper!) which would help me determine what color I was going to spray paint the clips. I decided black was pretty safe to use with anything although I did use silver on some clips that had silver accents in the paper. I put the clips in a cardboard box and sprayed several times, rotating, turning, etc. until all surfaces were covered.
I cut the papers slightly longer than the length of the clothespin so I could wrap the ends inside of the clip and applied with Mod Podge. Once dry I coated each with a few layers of Mod Podge to seal and give a nice, finished look. Finally, I added gems, pearls or other accents and a magnet to the back. (Hint: Get the teeny, tiny, super strong mini magnets for a very reasonable price on Ebay. Much better than the thick, black ones you'll find in most craft stores.)
Since I was giving these as gifts, I created little cards using the same papers and clipped 5 clothespin magnets to each card. Great to have little gifts like this on hand to give as hostess gifts when invited to a friend's house for dinner, etc.!