Buy the 12 Pack: Parachute Cord, 550 at Michaels. Whether you call it paracord, parachute cord or 550 cord, this is a great stringing material for making fun bracelets, necklaces, watchbands, key chains and projects of all kinds. Combine different colors to making eye-catching creations. This cord is quick drying, fusible, resistant to mildew and is very durable.