This a Chan Lu style wrap bracelet that I made for the March Birthday's Swap. I have seen a ton of these floating around on blogs and Pinterest. They are really versatile since you can use any bead and thread colors that you want and you can make them wrap as many times as you want. I have found that the longer the bracelet (more wraps) the harder it is to control all the pieces.
You will have to learn the ladder stitch in order to pull this bracelet off. The tutorial I used is from Lima Beads. Once you get the hang of it it's pretty easy.