Abstract: An accessory for an elongated cord or fabric includes front and back portions that each have at least a front side, a rear side, a top side, and a bottom side. The rear sides each include a groove extending from the top side to the bottom side. The grooves are cooperative such that when the rear side of the front portion contacts the front side of the back portion, the two grooves together form a channel through which the at least one elongated cord traverses. A magnetic latch is fixed between the rear side of the front portion and the front side of the back portion, such that the front and back portions are mutually magnetically attractive, and attached either around the at least one elongated cord or by capturing a portion of fabric therebetween.