For the baby converse shoes I made I did the same...an illusion.
http://www.cakecentral.com/modules.php?name=gallery&file=displayimage&pid=1207074
I made the holes, then I made the "shoelaces". I cut them and then tucked the ends in the lace holes. The crisscrosses underneath were the same...cut and placed. The bows were made and then glued on top.
I don't think there's any way to really lace and tie fondant!
HTH
Jodie
I actually did it but after several tries. I added a little tylose to the fondant to make it 'stretchy' like gumpaste and that made it possible to do. Thanks for asking this question because if I had known that it was an illusion I would saved myself a whole heap of trouble!!
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