
Evil Mad Scientist Laboratories have a one minute project, bike tube rubber bands - Link.
Related:

Bicycle dual inner tube system - Link.

HOW TO - Bicycle Frame Protection - Link.

Inner tube chair seat caning - Link.

HOW TO - Make an inner-tube wallet - Link.

Life belt from old inner tubes - Link.
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This type of rubber band is good for bundling stuff together, but not too good as elastic, like for slingshots, etc.
Don't ask me how I know this :-)
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