All you really need to do this is a paper clip. Any paper clip will do.
But it goes much faster if you have a pair of pliers.
Adding beads is optional (some days I feel like beads...some days I don't)
Unbend the paper clip.
Carefully bend over the very tip of the paper clip and add a bead if you like.
Bend the paper clip at about a 90° angle.
Be careful if using pliers to bend the paper clip. It's very easy to leave scratch marks or scrape off the coating.
Bend loops in a figure 8 pattern under the bead.
Here's what the first 2 loops look like from the bottom.
Keep adding loops in this manner until you have 4 or 5 loops.
~Squish the loops all down together by pressing from the top down on to a hard surface like a table or the floor.
~Bend over the other tip of the paper clip.
~Form into a circle to fit around your finger.