I got this idea from a Stormdrane (paracordist extraordinaire) post. I made two lops with a single strand and tied the ends together with a 4 bight, 3 lead TH knot. The loops can be made any size. Here is a wrist size (or belt size). This is a prototype made with the shoelace I always carry with me. The completed lanyard will have the ends trimmed and buried in the knot

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Happily tangled in my nets at http://pineapple.myfunforum.org/index.php?c=7