I have found heaps of people talking about these key chain wristlets that they have made and given as gifts and people actually use them. So I thought I would attempt to make a draft one with some scrap material, just to get an idea.
I know mine is not pretty, but it is functional. I used twill tape to attach the key ring to the fabric. I think next time I might use some elastic in the fabric so you can get it on and off your wrist easily. They are a fantastic little project and seriously take 5 minutes to make.