Very innovative. You could market those to guys who are too lazy to make their own !
I could see doing a lanyard like that if fishing with a back pack. It would make it easier to get to the more often used items.
P.S. to theboz.....just got an O.S.H.A. memo. It says if you hang one in your shorts, do not attempt to sit down.
Use extreme caution when clamping the hemostat back on to the correct cord. Be mindful of getting wound up in tippet material. No nippers shall be allowed in center position of lanyard. ..... you know what they say. They are only here to help.