Step 1: What You Need
1 piece of electric cord
1 piece of wire
Black paint (optional) + and brush
Hot melt glue (or other kind of glue)
A pair of scissors
A pair of nippers
Some nice yarn
Step 2: Getting Started
Cut the piece of wire. It should be double the length of cord +10cm.
Step 3: Cleaning the Cords
Cut a piece of brown cord 12cm. Remove plastic 1cm from edge. Use pair of nippers again to remove copper threads inside. Start by pulling a few threads, and gradually increase the number of threads.
Step 4: Making a Lock
Thread the pearl onto the two ends of wire. Attach as shown.
Step 5: Adding Some Finish to the Ends.
Paint ends using black paint.
Step 6: Time for the Yarn.
Attach the end of first color close to the end of cord using a small dab of hot melt glue. Start spinning. Use a small dab of hot melt glue every 2cm or so.
When (and if) you want to change yarns you can let the first yarn stay under the second one, attached with you know what - hot melt glue!
The new yarn also needs to be firmly attached to cord.
Finish by attaching last end of yarn with hot melt glue.
Step 7: Finished!
I have made these using different kinds of wool, linen and cotton. I think any kind of yarn, even synthetics would do fine.
If you make one I would be happy to see the result.