Abstract: A method for making one or more resilient retainer members, such as rubber bands or the like including providing an oppositely disposed set of upper and lower platen members each having a plurality of cutting elements extending outwardly with the cutting elements being spaced apart to provide a predetermined width for the rubber band, folding the rubber band, and placing the folded rubber band between the platen members so as to cut the rubber band material into a plurality of individual rubber band elements which are of an endless, one-piece construction.