Friendship Bracelets. Learn to make your own colorful bracelets of threads or yarn. As fun for beginners as it is to intermedates. Learn. Get inspiration. Share ideas. As a child of the 90s, I can confirm that friendship bracelets were all the rage. I had the Klutz book with the special little thread pouch! A friendship bracelet is a decorative bracelet given by one person to another as a symbol of friendship. Friendship bracelets are often handmade.