I found a great tutorial on Craftzine:
How to: Multy strand finger loop braiding
Very fun! Here is my result:
I've used a crochet-tread. The orange is double tread, I would recommend a thicker yarn of some sort, my braids are very small.
I have no idea how to use this for anything, but if you do, please let me know!
Have a nice weekend and try something new! :)