Abstract: A shoelace and closure mechanism for lacing a shoe which includes a shoelace featuring a number of closure members near its ends. The outer directed portion of each of the closure members is connected to the lace while the other end is free of the shoelace. The shoe is equipped with a lace retaining member which is formed with a cutout dimensioned to allow passage an end of the shoelace when the shoelace is moved in one direction while causing one of the closure members to open and engage the cutout and thereby immobilize the shoelace when an attempt is made to move the shoelace in the opposite direction.