Made this after seeing one on this site. This lanyard has four hangers off of it. You can make as many as you want due to the fact that it is one continuous length of paracord.

Step 1:

Determine desired length of lanyard. This length becomes the inside on the lanyard as the knots are tied. Make a loop. Send the knotting rope back through and around itself (See photo). Continue rotating the knot tying from above to underneath.
I use one of these for Waterfowling. <br>
I made something like this before i even saw this. Different braid, different purpose. Going to post it for the next paracord contest.
Interesting but I'm a little confused. Is this lanyard made to wear around your neck or fit on a canoe somehow? I see the whistle you have on there so I think neck but I've been wrong before. If this goes on the neck wouldn't the hangers bother you under your shirt? And If no shirt I'd hate to be tending a fire and a hanger catch on fire. A little clearifcation would be nice.
I would be wearing around my neck. However, I almost always have a pfd on. You could also attach to the canoe as well. I would definitely not be tending a fire with this on. Personally would only wear it on the water while fishing. Pliers etc. are held by the hangers, which are all slipknots. Hope I have your vote!!

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