A rubber band, also known as an elastic band, laggy band, gum band, or elastic, is usually ring shaped and commonly used to hold multiple objects together. were using natural rubber products by 1600 B.C.; they mixed latex with other materials to get desired properties. In 1839, Charles Goodyear developed vulcanization which is used to make rubber today. Most rubber bands are manufactured out of natural rubber. Rubber bands come in a variety of sizes.