Disclosed is a device designed to retain a pair of sock or other paired items of clothing together during the washing or drying thereof. The retaining device is also adapted to be used to display a pair of socks or other paired items of clothing on display racks in stores selling such items of clothing. Also, disclosed is a holder dispenser for storing a number of the retaining devices in the laundry and which allows the retaining devices to be removed one at a time, as needed.