Check out the rockin tutorial on Craftzine.com for building your own inkle loom. The guest post by Kristin Roach steps you through materials, tools, and construction with clear instructions and handy illustrations. She says,
I love the way woven straps look, but the idea of warping my floor loom just to make something as narrow as a strap for my bike messenger bag seemed like overkill. Then I came across a wonderful and traditional solution – the inkle loom! This loom is relatively easy to build, costs under $30 to purchase all of the supplies (even less if you have the right screws around), and takes only an hour to warp and start weaving.