1. Preheat oven to 325°F.
2. Arrange the eight lifesavers into the shape of a candy cane, alternating between the two colors.
3. Bake for 3 to 6 minutes, until candies are melted.
4. Remove from oven.
5. (if desired) Make a hole in the "top most" candy by pressing the drinking straw piece into the ornament, leaving it there until the candy has cooled.
6. After the candy is completely cool, gently remove the straw and thread the ribbon or yarn through the hole to hang the ornament.