A looped elastic leash is a leash that is able to be stored around a neck of a pet animal, to be conveniently available to the user when walking or transporting animal. The looped elastic leash includes at least one elastic band, a covering fabric, a leash connector, and a collar-attachment hook. The at least one elastic band is configured into a loop by attaching a first band end and a second band end to the leash connector. The covering fabric encapsulates the at least one elastic band by attaching a first cover end and a second cover end to the leash connector. The collar-attachment hook is connected to the leash connector. The collar attachment hook engages a collar or harness worn by the animal.