I worked these up in an afternoon, and was very pleased with the results. The top one is Dave's, very manly, and the bottom one is mine, with a fancier tassel.
Glass beads, silk thread, and embroidery floss for the tassels -- it was all going so well until the thread broke on the second wearing and sprayed bouncing beads all across the floor of the restroom after watching Harry Potter 7, pt 2.
So, lesson learned: you need a stronger thread than a few strands of silk. Once I've re-strung these, I'll post pictures of the 2.0.