Forgive me but this is more of a shared idea than a full blown tutorial because I have too much stuff to do before Christmas to take the time to put a tute together! :)
It's so simple though.
I saw these cute stockings on Etsy last year and just kinda copied them the best I could. Wish I could remember who's shop it was.
Anyway I just traced an old stocking I had onto some newspaper and cut it out. Next I traced that piece adding a 1/2" seam allowance around the entire thing onto a more sturdy paper. Then I took the newspaper stocking, cut the heal, toe and top where I wanted, and took each cut piece and traced it onto the sturdy paper adding a 1/2" seam allowance all the way around each one. I used those as pattern pieces to cut my fabric. From there you just pin and sew the five pieces wrong sides together and cut slits in seam then wash!
I realize this is completely unclear so email me with any questions :D