Cut the felt wider than the bracelet and hot glue it down.
Wrap the felt all the way around and glue it down.
Put hot glue on the inside of the bracelet and attatch the extra felt to the inside, wrapping it around the edges.
Get the fabric that you want to cover the bracelet with and wrap it the same way you did the felt.
After I wrapped the fabric, I attatched some fabric rosettes using the same technique as I did here.
I like how it turned out. I did another one wrapped in yarn.