I have had the chance to create two cupcake stands in the past and I love them. You can be as creative as you want to with these to match a theme for a party, wedding, baby shower, etc. You can really show you creativity with these by decorating then with various ribbons, stickers, figurines, etc. I use the Wilton cupcake stands which are like $5.99 at A.C. Moore o Michaels. They take about 5-10 minutes to assemble but make sure if you have tape if you are using these please.
I also made one this year for someone's senior prom. Her colors were black and white so I made a stand using black and white ribbon and black and white rose cupcakes to match. I used black and white polka dot ribbon on the top and bottom rows and a sheer white for the middle row adorned with a black and white polka dot ribbon. I actually made 2 identical stands to fit 48 cupcakes. I wish that the ribbon was a bit more elegant but this is ribbon that I had lying around the house so I didn't have to purchase any extra! But they turned out beautiful anyway.