Patent ID: 8167263

Claim:
A magnetically placeable strap, comprising: a spool-shaped base comprising a top disk and a bottom annular disk, said top disk and bottom annular disk being parallel and spaced apart by a tubular cylinder; an elastic strap extending from said base, said strap secured to said base at a first end of said strap, and wherein said top disk has a central aperture through which said elastic strap passes, said strap being enlarged at said first end thereof, precluding movement of said first end through said central aperture; a hook secured to a second end of said strap; wherein said top disk is characterized by a plurality of circumferentially spaced apertures passing therethrough for selective receipt of said hook; wherein said bottom annular disk is a cup-shaped recess, said cup shaped recess opening in a direction opposite that of said top disk; and a magnetic disk received within said cup-shaped recess of said bottom annular disk.