Do a test placement of the belt, and then mark where the new buckle hole needs to be, so the belt fits around the boot. Cut the new hole, so that the belt fits snugly around the bottom of the boot, but not too tight. I used an awl from a multi-tool, but a sharp X-Acto Knife would also work. Be super careful not to cut yourself or the work surface. (See below)
You will see that I also added the ribbon to go up the side of the boot. Glue this in place, making sure to only glue half way up. The fringe will also go under this ribbon!
Make sure your ribbon covers any rough edges of the ribbons. (See Above)