One of my first sewing projects was making fabric key chains back in Dec 2009. Mine is still going but it's all frayed and looks like crap. The brocade fabric was pretty but probably the wrong choice.
I spent forever trying to figure out what fabric I was going to use for my new one (that was the HARDEST part). I went with the purple Aviary 2 for mine (others are gifts) and while I still love it I gave it away because I now totally want something with that awesome Remix rainbow Stripe. So.... I'm off to make another :)
Fabric left to right:
Outside: Michael Miller Love Birds, Inside: Remix, Ann Kelle, Stripe in Bright
Outside: Aviary 2 Sparrows in Lilac, Inside: Aviary 2 Lodge Lattice in Lilac
Outside and Inside: Andrea Victoria Black Damask
Fabric Key Chain tutorial is here. I add one inch to the fabric cut length (14" instead of 13") so it is easier to put on my wrist.