Since I don't have a square pegboard I had to improvise ^^;
Anyway...make the base of the camera using a square pegboard, and the zoom part with a round pegboard.

BTW - colors used:
Body - Orange
Zoom - Black
Flash part - Clear beads

Put the baking paper and iron for about 30 sec, sometimes even more. let cool while doing the 2nd one and then seperate from the paper and turn over and do the same process. I personally like to let them really melt so that I won't have any accidents later on...

Let both parts cool down for at least 20 minutes, don't touch! :)
Once both parts are hard glue them together with super glue, or any strong glue.

Lastly, add rings to the ends using pliers and turn it into a necklace/ keychain! :)