Abstract: A device for shortening or storing a length of an elongate and flexible material such as rope, string, wire, electrical cable or cable-like items includes a two-part housing. A first portion of the housing forms a window or passage for receiving a loop of the flexible material. A second or opposing portion includes a spindle arranged with a member extending therefrom for engaging the loop. The first and second portions engage each other along an inner surface of their respective perimeters to enclose a volume that surrounds the spindle. One of the first portion or the second portion is rotated with respect to the remaining portion to draw a desired length of the flexible material into a volume enclosed by the housing, thereby shortening, protecting and storing the enclosed length of material in a reversible, none-damaging manner.