Abstract: A tinsel facetting apparatus and method for use in facetting a metallized polyvinyl chloride (PVC) strip including a pair of serrated rolls having a thermal element located in each roll. The PVC strip is facetted as it travels between the two rolls which are maintained at a predetermined temperature determined by the color of the PVC strip. The apparatus and method further provide for timed slitting of the PVC strip into spaced sections constituting facetted icicles, each spaced section separated from the next by a header portion and timed cutting the PVC strip into segments including a spaced section and an unslit header portion so the facetted icicles hang freely from the header portion.