Such an easy DIY even if you don't wanna stud it!
Grab some jersey knit. Use an old jersey tee or some jersey remnant from your local fabric supplier (which is prolly around $3 tops). I say jersey because it gives it a little stretch because since this is worn on your head all day, sometimes fabric with less stretch can cause headaches. Well, it causes ME to get headaches hahaa so I'm just giving you guys the heads up. Use what ever fabric is most comfortable to you!
Take the fabric and wrap it around your head to your desired tightness and mark it. Cut it down if you need to. Lay the fabric down, twist once. place right sides together. and sew. If you don't own the luxury of a sewing machine, you can always easily hand stitch it :)
Grab a few studs and stud the fabric. It should be easy to place the studs in the fabric and just use your fingers to secure the prongs.
Courtesy of: Spanish Moss for $24