This is actually teal. It just looks a lot lighter in the picture.
Approx 7 inches long, 0.5 inches wide. Nylon utility cord, similar to paracord but lacking inner 7 strands.
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Paracord (short for parachute cord) is nylon rope with 7 inner strands that give it extra strength (can handle 550 pounds before breaking). It was originally used in the suspension lines of parachutes in WWII. Now it's made in a ton of different colors and used for various purposes. For each inch of bracelet, there's approximately 1 foot of cord used. These bracelets are nicknamed "survival bracelets" because you can disassemble them and use the rope for just about anything!