The invention is directed to a pony tail holder including a friction member for more effectively engaging the strands of hair in the pony tail to prevent slippage of the pony tail holder during use. The pony tail holder may include a fabric ring having an annular area at least a portion of which comprises a tubular annulus around a central hole in which a pony tail is to be gripped by the pony tail holder, and an elastic core disposed within the tubular annulus of the fabric ring and extending around the central hole. The pony tail holder may further include a friction member woven into the fabric ring proximate an inner edge of the fabric ring such that at least a portion of the friction member is exposed through the outer surface of the fabric ring and engages the pony tail when the pony tail holder is disposed thereon, with the coefficient of friction of the friction member being greater than the coefficient of friction of the outer surface of the fabric ring.