I use paracord and/or braided accessory cord to make little lanyards or fobs for EDC stuff like my Victorinox Farmer and my Fenix flashlight. It is discreet since it is in my pockets. I use a hangman's noose. It come's apart easily and get's put back into it's pocketable configuration in about a minute. It gives me a 3-4 feet length of cordage. In the case of paracord, times 8.

When needed around PHRASECENSOREDPOSTERSHOULDKNOWBETTER., I pull out the flashlight and unravel the cord for use. It deploys in seconds. I have used it to save a kid's (not mine) pinata event at his birthday party. The parents didn't have anything to hang it up with. And we were at their home. Can you believe that?

Also used it for field expedient repairs when I didn't have my pack with me and just my EDC pocket stuff.

In my pack and truck, I just have it hanked up.