How to make a two-peg spool knit paracord lanyard
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The two-peg spool knit can be found in 'The Ashley Book of Knots' as #2878, a Square Loop Sinnet, along with other variations.
For quick deployment of the cord, should you need to repurpose it from the lanyard, just cut off one end below the lanyard knot, unlock the knit by pulling the end strand out of the loop, and pull to quickly unravel the length of co