A disengageable clip is provided which has a first configuration to permit an item to be securely gripped and a second configuration that permits the item to be disengaged. Once disengaged, the clip may be removed from the item and/or may be repositioned and then reattached to the item. The clip may include a clip member having an engagement portion defining an open loop and a clip portion extending therefrom. The clip may also include a sleeve slidably positioned upon the clip portion and at least one stop having a width greater than the sleeve. The sleeve may be configured to translate along the clip portion between first and second positions. The first position is proximate the engagement portion and may cause the engagement portion to grip the item. Conversely, the second position is spaced from the engagement portion by the stop to permit disengagement from the item.