Abstract: A hair accessory is provided for producing wavy hair. In one embodiment a hair accessory comprises a hair molding body made up of separate first and second portions which pivot about at least one hinge. The first and second portions respectively define first and second interior surfaces which cooperatively define a wave shaped mold for producing wavy hair. The first and second portions can be forced towards each other using at least one elastic band tied around the exterior of the hair molding body to force the first and second portions towards each other. In the alternative, the at least one hinge is preferably at least one spring hinge that biases the first and second portions together. In a second embodiment the hair accessory lacks a hinge.