Abstract: A multi-function bracelet that includes a base member and at least a pair of elastic jewelry members carried by said base member The multi-function bracelet further includes at least one elastic ring member adapted to be stretched over the stretched over and received between the elastic jewelry members. When removed from the bracelet the elastic ring member can be worn in the hair as an elastic hair band. Thus, the multi-function bracelet serves to function as an ornamental piece of jewelry and also as a receptacle and storage device for an elastic hair band when the elastic hair band is not being worn in the hair of the wearer of the multi-function bracelet.