I came across this on Thinkgeek. (Site here)

 

Its 20 us$ though! OUCH

Maybe with the right knots this could be made easily and cheaply?

 

Seems like a nifty way to have some survival cordage handy for emergencies

 

 

 

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mmm another google search reveals this!

http://www.instructables.com/id/Paracord-bracelet-with-a-side-relea...

 

Guess that's the way its done :) hehe

 

Definitely handy way to have a good length of paracord on you, especially 8 feet (it recons about 1 foot for every inch of bracelet).

 

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