You'll need:
One piece of elastic cord 
about 10-12 inches long
Several shank buttons 
Scissors 

String a button onto the cord. Leave it about 3 inches from the end
and tie a knot to secure. Continue stringing on more buttons.
Tie each one on with a knot. As you approach the end of the cord,
test the bracelet size around your wrist. Stop when the bracelet fits
loosely around your wrist Knot the two ends together and you have
your bracelet. Trim the ends. Turn this into a key chain by adding
a key ring!
Tip:
If the elastic frays while stringing the beads...
Trim the edges or wrap some tape around the ends.

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