Maggie from Smashed Peas and Carrots shares a tutorial for making an elasticized fabric keychain. She designed it because she needed a keychain that would slide easily on to her wrist, but thought the coiled plastic ones lacked style. (I tend to agree!) Her version, on the other hand, is both practical and stylish. Go to the tutorial.
[photo from Smashed Peas and Carrots]
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