Natalie Portman made a big splash at the 2011 Oscars with her beaded tassel earrings that matched her dress. They were by Paloma Picasso for Tiffany & I read that they are already sold out. You can make your own tassel earrings with the linked instructions.
These tassel earrings are made with seed beads and really move nicely IMHO. You can customize your own with your choice of beads. I could see these in some iridescent blue or teal beads for summer. Or black, silver, or gold beads for going out. Lots of choices for very little money. They would be nice on a purse or necklace too.
Teens might like making these for their friends or making them in school colors.
Click title for link at Craftzine. Have fun!