scrunchie
/ˈskrʌntʃi/Definitions
1. noun
a piece of fabric worn around the neck to keep hair out of the face, typically in the form of a tube or a gathered knot.
“She tied a bright scrunchie around her ponytail to match her outfit.”
2. verb
to gather or pull something into a tight, compact mass.
“The crowd scrunchied together to get a better view of the concert.”