This was our exciting project for the day: A woven parachute cord bracelet.
We decided to start with a bracelet, as a shorter and simpler project to get used to the process. In all, it probably took 20 - 30 minutes to make the first one for my husband. The second one took about 15 minutes or so to make. We used some parachute cord we had lying around from a previous project.
Rather than trying to create my own tutorial, I will point out some of the sources that I used to figure out how to make one.
This one on the lanyard knot, used to make the knot or button that is part of the closure, is excellent:
I am pretty happy with how they turned out, and am planning on making some more out of a variety of colors. Then I'm trying the belt, but using the slightly more complicated "Slatt's Rescue Belt Knot" as seen here: http://www.tacticalintelligence.net/blog/slatts-rescue-belt-part-2.htm