When I hear friendship bracelets I usually think of this:

Or this:

I do have a vague childhood memory/mental image of this dickhead older bully with an undercut being decked out in bugle boy and wearing a similar patterned bracelet to the one in the main post. I didn't realize his was a friendship bracelet though.

Also just wasn't sure how this one ended up in my living room, but it makes sense if it was a party favor or something.