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Here's the one I had after the cardboard loom fell apart. It worked well for me although I think the wooden one is more stable and likely to last longer.
How It's Done:
The gist of the process is that you will be using a fine needle to pick up beads and thread them through/across several evenly spaced other threads - like the lines between two telephone poles. You'll be following a pattern to know what bead color(s) to use and when. Think graph paper with each box being another woven bead.
So, it sounds a little involved but it really isn't and the finished craft is very satisfying. I used to do my work with the TV on. I was about eleven at the time. I too made a bracelet.
i got one of those for my sister once as a gift. She put it in a yard sale without ever opening it. That's pretty much the destiny of all gifts she gets.