Today's letter fold is shaped like a bow made from ribbon, so I have called it the Ribbon Bow Letter Fold.
It can be made plainly, or it can be made with accented creases so that it looks a little more interesting.
The Crease Pattern is shown on a cupboard folded sheet of American Letter sized paper since the preceding folds are simply preparatory for the main ones and a standard raw crease pattern is unnecessarily complex.
Make your final fold in the middle of the space between the bases of the small and large triangles, as marked on the pattern.
The bow will also work with A4 and American Legal sized sheets, in which case and you will get more shaping on the "loop"sections.