Kind of a fun idea. Even if you don't have a dorm there are some really cute DIY projects *This old cardboard shoe box can be transformed into a pretty organizer for your ugly cords.
I remember making these and toothbrush bracelets - would be a great camp craft! DIY Popsicle Stick Bracelets Kid Craft Tutorial - Makes a great Mother's Day Gift!
I bet it is :-D A wooden dowel, wooden clothes pins, stuck into something, and there you go.