This present I loved! It was one of the main gifts for my sister for Christmas. It went together relatively quickly and turned out looking nice. I'm thinking I'd like to make one for myself!
If you attempt to crochet this, make sure you watch your gauge. I didn't (this being my second project I didn't know how important it was) and even with ten added stitches, it turned out about eight inches short. It still looks great and can be worn hanging as a single loop or doubled over, but it might be worth it to do a sample gauge check.
Here's where you can find the pattern. I used the same type of yarn as the pattern calls for, Caron Simply Soft, and it took two skeins.