Friendship bracelets look really cool and are cheap and easy to make! To make a friendship bracelet, just follow these steps/instruction.

Step 1:

Choose several strands of embroidery thread in your desired colors. You must have more than one color to create a striped effect. The more strands you choose, the wider the bracelet

Step 2:

Measure and cut your first strand. Measure a length of thread slightly longer than the distance from your fingertip to your shoulder, then cut it.

Step 3:

Use the cut strand to measure and cut the remaining strands. You need to have at least 3 strings to make this bracelet, but you can have as many as you want. 4 to 6 will make a really skinny bracelet; 8 to 10 will make a thick one.

Step 4:

Tie all the ends of the threads together in a square knot and fasten it to something. There are various ways to hold the bracelet in place while you're making it:

Step 5:

Spread the threads out so that, from left to right, the colors are in your desired order. To make the knotted end of your bracelet less bulky, try not to cross the threads over one another too much.

Step 6:

Knot the far left thread (Strand 1) around the thread immediately to its right (Strand 2). Loop it over the front of Strand 2, then around the back, and, finally, up through the loop you’ve created. Pull the end to tighten Strand 1 into a knot. Repeat to make a second knot.

Step 7:

Continue knotting Strand 1 twice around each thread to its immediate right, moving horizontally across the entire row of threads. Use the same method outlined in the previous step for each knot. Eventually, you will have made knots of this color across the entire row.

Step 8:

Repeat Steps 6 and 7 using Strand 2, tying the new knots below the existing ones. When you’re done, you will have made a second row of colored knots beneath the first.

Step 9:

Continue knotting rows of knots across the threads until the bracelet is the right length. To make sure it fits well, try it on your wrist, there should be enough extra room that you can fit about 2 fingers in next to your wrist

Step 10:

Tie the loose ends of your strings into a second square knot. Make sure that the knot doesn’t take up any of the length you need to wear the bracelet. Then trim the loose ends and your done!
picture found on: http://thecolorfulcollection.blogspot.com/2010_05_01_archive.html