draw·string

[draw-string]
noun
a string or cord that tightens or closes an opening, as of a bag, clothing, or the like, when one or both ends are pulled.
Also, draw string.


Origin:
1825–35; draw + string

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
Cite This Source Link To drawstring
Collins
World English Dictionary
drawstring (ˈdrɔːˌstrɪŋ) [Click for IPA pronunciation guide]
 
n
a.  a cord, ribbon, etc, run through a hem around an opening, as on the bottom of a sleeve or at the mouth of a bag, so that when it is pulled tighter, the opening closes
 b.  (as modifier): a drawstring neckline

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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00:10
Drawstring is always a great word to know.
So is lollapalooza. Does it mean:
an extraordinary or unusual thing, person, or event; an exceptional example or instance.
the offspring of a zebra and a donkey.
Example sentences
If this conjures up an image of diamonds tastefully stashed in a velvet
  drawstring bag, think again.
Playground slides and other play sets figure prominently in drawstring-related
  incidents.
The pull-on shorts feature a flat elasticized waistband with a drawstring and
  short hemmed leg openings.
Attach hood to collar by placing drawstring between flanges on collar.
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