I set my photocopier to print the pattern pieces at 75%, and while sewing, I used a seam allowance of just under 1/4". The result is this adorable elephant, measuring about 6" tall. I also made the tail a little longer, so it would be easier to tie the knot. I've been asked if it is possible to set Adobe Reader to print smaller, and to my knowledge it is not, sorry!
If anyone has tried reducing any of my other patterns, I'd love to hear your results! Pocket sized bunnies or owls, anyone?