@SushiChamp – What a great idea! I’m sure your friends will love the bracelets. I’ve been making friendship bracelets for a while now, and have taught my little sister how to make them, too.
There are lots of free patterns online. Just do a search for “friendship bracelet patterns” on any search engine, and you’ll see them come up. Make sure you choose a site with lots of pictures, so you can follow along easily. Video instructions are even better.
Since you’re pressed for time and have never made bracelets before, let me suggest the Candy Stripe pattern (supposedly the easiest pattern). You just need embroidery floss, masking tape, a safety pin or clipboard, scissors, and measuring tape. All those supplies are easy to find at any craft store.
I don’t have room so explain the entire process here (and I can’t post pictures here, anyway), so I’ll leave it at that. Oh, and some sites even give you color schemes to help you create even prettier bracelets.