A great project if you have any scrap ribbon and/or elastic hanging around.
If you'd like to purchase some daisy trim like the one I used, I found some on Etsy <a href=http://www.etsy.com/view_listing.php?listing_id=32803025&ref=sr_list_3&&ga_search_query=daisy+trim&ga_search_type=supplies&ga_page=&includes=tags&includes=title>here</a>! :)
Cut about 13 inches of the ribbon trim you plan on using, and 7.5 inches of elastic.
Use a glue gun to attach 1/4 inch of the elastic to the back end of the ribbon trim. Repeat on other side.
Glue guns are great for wearable accessories because the adhesive dries fast and is waterproof. However, if you don't have a glue gun, any fabric adhesive should work fine. Or you could always hand/machine stitch the ends with white thread.
The final product!
You can even use other laces & ribbons instead! Make tons for yourself or your friends. This project is really easy and you can even add rhinestones and other appliques to the plain trim if you'd like. :)