"Jelly Bracelet" is just another name for "sex coupon". They came in style in the 80's and faded until about 3 years ago. They have certain meanings though...
Black~ Sex with condom
Red~Sex without condom
Light Blue~ Hand-job
Indigo~ Hand-job with blowjob
Blue~ Blowjob
Pink~It either means french kiss or cunnilingus.
Yellow~ Big bear hug
White~Flash
Orange~ petting
Purple~Full-fledged make-out session
Clear~ Wild-card
Clear with glitter~ Also wildcard
Silver~Fisting
Gold~ Anal
Clear Gold with glitter~fingering
Clear blue~All of everything
Clear Pink~ Its the girls choice.
Clear Green~ All Anal
Glow in the dark pink~ female sex toys
Glow in the dark blue~ boy sex toys
Glow in the dark green or yellow~ Sex with porn.
That is the whole index... Don't try these at home (If your parents are around)
Black~ Sex with condom
Red~Sex without condom
Light Blue~ Hand-job
Indigo~ Hand-job with blowjob
Blue~ Blowjob
Pink~It either means french kiss or cunnilingus.
Yellow~ Big bear hug
White~Flash
Orange~ petting
Purple~Full-fledged make-out session
Clear~ Wild-card
Clear with glitter~ Also wildcard
Silver~Fisting
Gold~ Anal
Clear Gold with glitter~fingering
Clear blue~All of everything
Clear Pink~ Its the girls choice.
Clear Green~ All Anal
Glow in the dark pink~ female sex toys
Glow in the dark blue~ boy sex toys
Glow in the dark green or yellow~ Sex with porn.
That is the whole index... Don't try these at home (If your parents are around)
by Sarah April 24, 2004
Get the Jelly Braceletsmug. Woman skilled at turning a profit no matter what the enterprise. usually seen in the company of rappers, pimps, gang members, etc... This term usually implies that said woman is attractive, but results may vary.
by sarah January 23, 2005
Get the hustla hunniemug. We piked this gear from the estate.
by Sarah December 18, 2004
Get the Pikedmug. by Sarah December 30, 2004
Get the Shahammug. by Sarah March 21, 2005
Get the scoogiemug. 
by sarah November 12, 2003
Get the poiglemug.