Not really sure if the inspiration came from llamas, or if I thought of the llamas afterward, but I believe my latest (false--had this done months ago) creation is llama approved!
The idea stemmed from this necklace in Lucky magazine:
2 skeins of embroidery floss for each tassel
I am realizing that this process very much resembles mitosis (name the phase!):
Then, collect all the ends, tie a band around the top, and trim the ends even. Voila!