Two strands of laces twist stitch long enough to make a circle and connect the ends together.
Glue and set to dry. Trim off excesses laces.
Two strands of laces fold in halves with one keyring inside.
Put four strands of those two strands of laces through couple beads.
Push four strands of those two strands of lace THROUGH the circle until beads stopped on the circle laces.
Twist stitch those four strand of laces all the way to opposite side of the beads are.
Push through the circle laces.
Glue and set to dry. Trim off excesses laces.
FOUR strands of laces push through the vertical laces inside the circle lace.
Place the vertical lace in middle of FOUR strands you just pushed through.
Both sides of the vertical lace will be twist stitch outward to the circle lace like a PLUS but lower down at an angle to look like PEACE sign.
Push through circle lace.
Glue and set to dry. Trim off excesses laces.
You should have made a Peace sign with beads and keychain.