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RE: What In The World Could It BE?!! ~ A Simple Guessing Game To Win One SBD ~ Original Photograph of Original Find and Short Discussion of Such Find ~
they are cork rings, used for fishing (i think)
http://www.mudhole.com/Components-Rod-Building/handles-grips-components/cork-rings-custom-handles
A great guess, but not for fishing or such. They do look a bit 'cork-like'. Onward to more considerations and guesses.