A friendship band with exchangeable closed loop members is disclosed. The friendship band may be configured to be worn as a wrist bracelet, ankle bracelet, and a necklace. The friendship wrist bracelet includes a wristband formed of stretchable material and having releasable closure means members for opening and closing the wristband. A plurality of closed loop members are slidably removable from the wristband for exchanging with the closed loop members of other ones of the wristbands. Each of the plurality of closed loop members having first indicia thereon for exchanging with the closed loop members of other ones of the wristbands having second, third and fourth indicia thereon.