Awww Dern I am so sorry to hear that. Maybe Try again? Hey Just think your doing better then me, I haven't even tried it yet..=0)
Try Try AGAIN! =0) Maybe the 2nd time will be the charm..
~Sweet~ =0)
Make sure your fondant is thick enough. Also make sure you have tissue stuffed inside each loop. And make sure you let it sit for a few hours or even over night before you use it.
If you take a pic of the bow & post it in this post we might be able to help you better. So add the pic. I promise I won't laugh~ 
Don't get discouraged!! You'll figure it out~
Were you trying to make a puff bow or a dress bow??? I find if your just starting out that wilton fondant works better for bows than MMF because it dries quicker. To make a puff bow I make each loop and let them hang on a pole to stiffen up. Next I pull them off and stand them on their sides until they are good and hard. You really want to do this at least a day before you need them . If it's a really big bow, or really humid maybe a little longer.
What a joke!!!!!!!! I tried to make one and it was so UGLY. I was going to take a picture and post it but I was too embarassed. It just didn't work right.
Don't worry. I have done some horrible looking things while learning to decorate. Don't give up and try, try, try again. I tried to do a monkey long time ago out of fondant and it looked like disfigured monster from I don't know where.... 
Tell us what didn't work for you and maybe we can help.
Deb
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