Step 1: Supplies
The supplies you will need to create a key holder are carabiners or key rings, paracord, scissors and something to burn the ends. Optional supplies: tape measure or ruler.
Step 2: The Beginning
First you grab you carabiner then, with the paracord you do a double over hand knot. (Note: You want to not see the ends, but you don't want also don't want the paracord to untie.
Step 3: Starting the Cobra Weave
First you get you second paracord strand and then fold in half. Now you should begin the the cobra weave. To learn how to do the cobra weave check out my other instructable: http://www.instructables.com/id/How-to-do-the-cobra-weave/
Step 5: Improving the cobra..
After doing sections of the cobra you will pull the cobra towards the carabiner. this will tighten the weave and make it more appealing.
Step 6: Cutting the paracord
When you have reached the desired length, you should cut the paracord close to the weave to make a appealing item.(note: Hold the sliced bit tightly.)
Step 7: Melting the paracord's end
The spliced piece of paracord should be put a millimeter away from the flame this will seal the ends from loosing.
Step 8: Finishing
Now you have the finished product. Have a cool stylish way to display your keys. That may also help you in a survival situation.