These instructions have been found online in a few places and they come in really handy so I am GOING to Share them here. I did not write them NO, never claim to but I have made them YES
How to Cut a 5-Pointed Star in One Snip
George Washington's original pencil sketch for the flag indicated 6-pointed stars, a form he apparently preferred.
Betsy Ross, however, recommended a 5-pointed star. When the committee protested that it was too difficult to make, she took a piece of paper, folded it deftly, and with a single snip of her scissors, produced a symmetrical five-pointed star. This seeming feat of magic so impressed her audience that they readily agreed to her suggestion.
To you we pass along the secret...
Take a thin piece of paper 8-1/2" x 10" (or an exact proportion thereof), fold it as indicated and cut yourself a perfect 5-pointed star.
Thanks to the Betsy Ross House for providing these instructions.
Step 1. Fold an 8-1/2" x 10" piece of paper in half.
Step 3. Bring corner (1) right to meet the center line. Be sure to fold from the vertical crease line.
Step 5. Bring corner (2) left and fold.