Heat oven to 350°F. Unroll dough; spread with pesto. Separate dough into strips; carefully stretch each strip until 16 inches long.
Fold each breadstick in half, pesto sides together; twist halves together with 4 or 5 twists. Form each into a ring, pinching ends to seal. Place on ungreased cookie sheet. Place strips of bell pepper in shape of bow on wreath where ends meet, pressing in slightly.
Bake at 350°F. for 15 to 18 minutes or until golden brown.