Possible Clues:

• Decorative dangle
• Commencement dangler
• End of a stalk of corn
• Tuft on e.g. cap
• Let it back to hang around the silly one
• It hangs down, but not so much as the way up.
• Sounding like a 23 across, it's not so much so at the turn
• Mortarboard component
• What may all hang down, but not so much at the up
• A hanging ornament