C fabbri designs has the most adorable idea for making a bracelet using rubber bands, jump rings and pretty beads.
Good for ages 7 and up.
Get the instructions here:
http://cfabbridesigns.com/miscellaneous/jewelry/rubber-band-girl-bracelets/
Craftabilities shows how to make those super trendy rubber band bracelets without a loom.
Get the instructions here:
http://www.craftibilities.blogspot.com/2013/01/rubber-band-bracelets-make-without-loom.html