Not sure how water proof this would be since it's paper (That's a lie I know it isn't waterproof at all) ... But I'm sure I can make this very small with polymer clay. :)
Cardboard Paper Bracelet featured on Fab. Más
Cómo hacer pulseras de papel | http://papelisimo.es/como-hacer-pulseras-de-papel/
Paper bracelet origami Used to do this with chewing gum wrappers.
pulsera de papel
How to Make a Watercolor Paper Bracelet: Integrating Wire with Watercolor Paper. While this video demonstrates how to make a bracelet using paper and wire, it would work well with polymer.
Book Bead Bracelet DIY from Pulp Fiction: Perfect Paper Projects.
braid of paper strips - for bookmark, napkin ring, bracelet. . . . (tutorial)
How to Make Folded Paper Bracelets - with a super instruction!
How to Make Your Own Bracelet out of Scrapbook Paper & Newspaper | I Love Paper BeadsI Love Paper Beads