Kumihimo

http://www.japantoday.com/category/events/view/exhibition-of-kumihimo-in-kyoto

Kumi himo is Japanese for "gathered threads". It's technique used in jewellery making and nothing better may renew our old boring clothes than a good piece of jewellery. And to start doing your own bracelets and necklaces you'll need a Kuhimo plate in the first place. 

http://www.braidershand.com/disk.html

 Kumihimo disks are not spendy but if you can't wait to do something you can make your own disk using a paper plate. All it requires is to make 32 cuts and hole in the centre. 

Detailed information you'll find on: 

http://friendship-bracelets.net/tutorial.php?id=592

And kumihimo bracelet ready to wear below.

http://oluszkowy.blogspot.com/2014_01_01_archive.html