This is a simple paracord dispenser which is made out of a barrel pencil sharpener. You can use a New one but I used one that I found lying around on my desk.
Step 1: Dismantling the Sharpener
To prepare the sharpener you have to unscrew the sharpening device. There are usually two screws on the inside of the lid that will take out the entire assembly.
Step 2: Adding Paracord
Take a coil of paracord and place it inside the barrel. Different sized sharpeners hold different amounts of string. To finish it off lace one end through the hole in the lid and screw on the top.