Abstract: The key ring assembly includes a normally open, flexible, resilient hoop having elastic memory and fabricated of plastic or the like. The key ring assembly has an inverted generally U-shaped upper end and integral, spaced diverging downwardly extending legs bearing integral grippers at their lower ends, the grippers being in the form of claws facing each other and extending into the central space therebetween. The hoop also has a releasable lock in the form of a first bar integrally connected to the inner surface of one leg above the claws, preferably at about the mid-point of the hoop, extending into the central space and bearing teeth on its upper surface, and a second similar bar integral with the inner surface of the opposite leg and releasably securable to the first bar by a number of spaced integral tabs depending from the underside thereof. The upper surface of the second bar has an upwardly extending integral lever arm for disconnecting the two bars.