- Start with longer loops than you expect to need.
- Use a pair of those very pointed scissors with the bow handles from the Chinese supermarket (cheap and excellent)
- Mark a light pencil guideline before cutting
- Don't use newspaper - it's just not strong enough. Lining wallpaper isn't much better. Brown paper carrier bags are excellent.
Then just make lots of loops and experiment. Try different numbers of twists, and try cutting some loops into halves and some into thirds.
It's an easy afternoon's child amusing that scales to any number of children, doesn't cost much, and can be produced out of thin air with little notice.
Another good quick amusement for kids is making "ooblick" (mix cornflour and water in the palm of your hand, then learn to juggle with it)