Ribbon

The Ribbon has been seen twice in the Zelda universe, serving two different purposes.

Link's Awakening: -This was the second item in the trading process on Koholint Island. Link gave an ill-conceited Bow-wow the Ribbon for a fashion statement, and in turn, she gave him some Dog Food.

Oracle of Seasons: -Link gave this Ribbon to a Subrosian celebrity named Rosa so he could "date" her. He really needed her for her keys, so he could unlock the door to the Temple of Summer, in order to further imbue his Rod of Seasons with power.