Let us fix this meta-path.

\documentclass[border=9,tikz]{standalone}
\usetikzlibrary{decorations.pathmorphing}
\begin{document}
\tikzset{
demo decoration/.style={
gray,
postaction={draw=red,decorate,decoration=#1}
}
}
\begin{tikzpicture}[remember picture]
\path(0,0)coordinate(A){}(3.7,0)coordinate(B){}(3.8,0)coordinate(C){};
\draw[demo decoration=snake](A)to[bend left](B);
\end{tikzpicture}
First I created a decoration that draws a parallel line on the left of the meta-path.

\pgfdeclaredecoration{stay left}{initial}{
\state{initial}[width=0,next state=stay above]
{\pgfpathmoveto{\pgfqpoint{0pt}{\pgfdecorationsegmentamplitude}}}
\state{stay above}[width=\pgfdecorationsegmentlength,next state=stay above]
{\pgfpathlineto{\pgfqpoint{0pt}{\pgfdecorationsegmentamplitude}}}
\state{final}
{
\pgfpathlineto{\pgfqpoint{0pt}{\pgfdecorationsegmentamplitude}}
\pgfpathlineto{\pgfqpoint{\pgfdecoratedremainingdistance}{\pgfdecorationsegmentamplitude}}
\pgfpathmoveto{\pgfpointdecoratedpathlast}
}
}
\begin{tikzpicture}
\draw[demo decoration=stay left](A)to[bend left](B);
\end{tikzpicture}
Next I created another one that cross from left to right.

\pgfdeclaredecoration{cross from left to right}{initial}{
\state{initial}[width=0,next state=stay above]
{\pgfpathmoveto{\pgfqpoint{0pt}{\pgfdecorationsegmentamplitude}}}
\state{stay above}[width=.5\pgfdecorationsegmentlength,next state=stay above,
switch if less than=.5*\pgfdecoratedpathlength+\pgfdecorationsegmentlength to snake down 1]
{\pgfpathlineto{\pgfqpoint{0pt}{\pgfdecorationsegmentamplitude}}}
\state{snake down 1}[width=.5\pgfdecorationsegmentlength,next state=snake down 2]
{\pgfpathlineto{\pgfqpoint{0pt}{\pgfdecorationsegmentamplitude}}}
\state{snake down 2}[width=.5\pgfdecorationsegmentlength,next state=snake down 3]
{\pgfpathlineto{\pgfqpoint{0pt}{.7\pgfdecorationsegmentamplitude}}}
\state{snake down 3}[width=.5\pgfdecorationsegmentlength,next state=snake down 4]
{\pgfpathlineto{\pgfqpoint{0pt}{0pt}}}
\state{snake down 4}[width=.5\pgfdecorationsegmentlength,next state=stay below]
{\pgfpathlineto{\pgfqpoint{0pt}{-.7\pgfdecorationsegmentamplitude}}}
\state{stay below}[width=.5\pgfdecorationsegmentlength,next state=stay below]
{\pgfpathlineto{\pgfqpoint{0pt}{-\pgfdecorationsegmentamplitude}}}
\state{final}
{
\pgfpathlineto{\pgfqpoint{0pt}{-\pgfdecorationsegmentamplitude}}
\pgfpathlineto{\pgfqpoint{\pgfdecoratedremainingdistance}{-\pgfdecorationsegmentamplitude}}
\pgfpathmoveto{\pgfpointdecoratedpathlast}
}
}
\begin{tikzpicture}
\draw[demo decoration=cross from left to right](A)to[bend left](B);
\end{tikzpicture}
So if we draw such lines multiple times with different, we get a ribbon.

\tikzset{
monochromatic ribbon/.style={
repeat decoration CFLTR/.list={-5,-4,-3,-2,-1,0,1,2,3,4,5}
},
repeat decoration CFLTR/.style={
preaction={draw,decorate,decoration={cross from left to right,amplitude=#1*.5\pgflinewidth}}
}
}
\begin{tikzpicture}
\draw[monochromatic ribbon](A)to[bend left](B);
\end{tikzpicture}
To color the front and back different, we need two half ribbons meeting each other.

\pgfdeclaredecoration{cross from left to middle}{initial}{
\state{initial}[width=0,next state=stay above]
{\pgfpathmoveto{\pgfqpoint{0pt}{\pgfdecorationsegmentamplitude}}}
\state{stay above}[width=.5\pgfdecorationsegmentlength,
switch if less than=.5*\pgfdecoratedpathlength+\pgfdecorationsegmentlength to snake down 1]
{\pgfpathlineto{\pgfqpoint{0pt}{\pgfdecorationsegmentamplitude}}}
\state{snake down 1}[width=.5\pgfdecorationsegmentlength,next state=snake down 2]
{\pgfpathlineto{\pgfqpoint{0pt}{\pgfdecorationsegmentamplitude}}}
\state{snake down 2}[width=.5\pgfdecorationsegmentlength,next state=snake down 3]
{\pgfpathlineto{\pgfqpoint{0pt}{.6\pgfdecorationsegmentamplitude}}}
\state{snake down 3}[width=.5\pgfdecorationsegmentlength,next state=final]
{\pgfpathlineto{\pgfqpoint{0pt}{0pt}}}
\state{final}
{
\pgfpathmoveto{\pgfpointdecoratedpathlast}
}
}
\pgfdeclaredecoration{cross from middle to right}{initial}{
\state{initial}[width=0,next state=stay above]
{}
\state{stay above}[width=.5\pgfdecorationsegmentlength,
switch if less than=.5*\pgfdecoratedpathlength+\pgfdecorationsegmentlength to snake down 1]
{}
\state{snake down 1}[width=.5\pgfdecorationsegmentlength,next state=snake down 2]
{}
\state{snake down 2}[width=.5\pgfdecorationsegmentlength,next state=snake down 3]
{}
\state{snake down 3}[width=.5\pgfdecorationsegmentlength,next state=snake down 4]
{\pgfpathmoveto{\pgfqpoint{0pt}{0pt}}}
\state{snake down 4}[width=.5\pgfdecorationsegmentlength,next state=stay below]
{\pgfpathlineto{\pgfqpoint{0pt}{-.7\pgfdecorationsegmentamplitude}}}
\state{stay below}[width=.5\pgfdecorationsegmentlength,next state=stay below]
{\pgfpathlineto{\pgfqpoint{0pt}{-\pgfdecorationsegmentamplitude}}}
\state{final}
{
\pgfpathlineto{\pgfqpoint{0pt}{-\pgfdecorationsegmentamplitude}}
\pgfpathlineto{\pgfqpoint{\pgfdecoratedremainingdistance}{-\pgfdecorationsegmentamplitude}}
\pgfpathmoveto{\pgfpointdecoratedpathlast}
}
}
\begin{tikzpicture}
\draw[demo decoration=cross from left to middle](A)to[bend left](B);
\draw[brown,decorate,decoration=cross from middle to right](A)to[bend left](B);
\end{tikzpicture}
Repeating it with different color, we are done.

\tikzset{
bichromatic ribbon/.style={
preaction={draw,decorate,decoration={cross from left to right,amplitude=-6*.5\pgflinewidth}},
repeat decoration CFLTM/.list={-5,-4,-3,-2,-1,0,1,2,3,4,5},
repeat decoration CFMTR/.list={-5,-4,-3,-2,-1,0,1,2,3,4,5},
preaction={draw,decorate,decoration={cross from left to right,amplitude=6*.5\pgflinewidth}},
},
repeat decoration CFLTM/.style={
preaction={draw=blue!50,decorate,decoration={cross from left to middle,amplitude=#1*.5\pgflinewidth}}
},
repeat decoration CFMTR/.style={
preaction={draw=teal!50,decorate,decoration={cross from middle to right,amplitude=#1*.5\pgflinewidth}}
}
}
\begin{tikzpicture}
\path[bichromatic ribbon](A)to[bend left](B);
\end{tikzpicture}
\end{document}
\pgfsetcornersarcedlike what I did here. – Symbol 1 Apr 30 '15 at 14:36