Rainbow Loom

First you have to make sure the loom is like this.
Making

You get one rubber band and put on the first two pegs and the 2 rubber band will be on the 2 and 3 pegs and do it all the way down.
3

Then you flip the board over like this.
4

Then get your tool and grab the rubber band and flip it over to the next peg
5

When your done doing it all the way down it looks like this.
Done

Add a clip on the rubber band in front of you and you take the rubber bands off of each peg and your done.