I just twist the strip on itself. Grab the end & twist away. The fringe relaxes over time but a double tightening twists puts it back into shape.

Luckily there are only a dozen or so strands to work with on this keyfob project. The fringe on a shirt or dress would be a lot of work doing it this way. There has to be a trick.

"We do not inherit the Earth from our ancestors,
we borrow it from our children."