Step 1: Materials
I used construction paper cut into strips 12in long and 1.5in wide.
Step 4: Third Loop
Step 5: Fourth Loop
I've also made a smaller version with strips that half the width and go around twice (thereby eliminating staples). Using 3 times the strips at 1/3 the width I also made a more complex weave. I presume that increasingly complex weaves could be created indefinitely.