I can't remember how I stumbled upon this site, but I'm quite addicted to the site Jezebel.com. Their latest article about condoms being recycled into hair elastics. Aside from being completely disgusting, using these products can be a health hazard. Quoted from the original article from InventorSpot:
"Even though the condoms are fully recycled, it has been shown there is still a marked amount of risk for bacteria to be transmitted as girls are known for holding rubber bands in their mouth as they use both hands to gather their hair into their ponytail. Even if they set the band on a bathroom counter while putting hair into place, nail biting or any other oral contact to the skin touching the bands can cause infection ranging from genital warts to the HIV virus."