The present invention provides an elastic hair tie material and an elastic hair tie dispenser for dispensing varying lengths of elastic hair tie material. More particularly, the present Elastic Hair Tie Dispenser device has been configured with a flexible cover, a pivoting cutting blade actuator and cutting blade to conveniently dispense elastic hair tie material of varying color, cut to any desired length by the user of the dispenser, to be worn by women or men to restrain their hair in many varying different stylish configurations and for varying purposes, and wherein the dispenser is refillable by either winding hair tie material onto a spool rotatably housed within the dispenser or inserting a new coil of hair tie material sold separately.