I cut out a piece of 5"wide X 11"long fabric and then another piece of extra stiff stabilizer of the same size. I ironed the stabilizer on the back of the fabric. Then, I ironed the fabric in half lengthwise. I opened it back up and then folded each end in to meet that folded line in the middle. Lastly, I folded it in half so it was a nice folded 1 1/4" strip (the correct width of the fob hardware). I sewed a top stitch (1/4" from the edges) down each side and then attached the key fob hardware and key ring. Viola - a quick, yet cute and usefull gift to give.
I made one of these for myself last spring and it is still holding up. I love the stiffness of the stabilizer because it makes it like a loose cuff around your wrist - making it easy to hang on to my keys. I made all of these with Amy Butler's Love fabrics.