A hair accessory for receiving and retaining a bundle of hair, a method of making such a hair accessory, and methods of styling hair and instructing others to style hair using such a hair accessory are provided. The hair accessory comprises a thin, resilient, generally rectangular, ductile metallic member having a pair of longitudinal ends. The ductile metallic member is covered by at least one thin sheet-like backing member. The ductile metallic member and the one or more backing members are generally configured in a closed loop by folding the longitudinal ends of the covered ductile metallic member into an adjacent and/or overlapping configuration to form an opening for receiving and retaining a bundle of hair.