I also like the square stitch because, while it is very time intensive, it creates a very nice base on which you can add your embellishments. Because with a square stitch you're really just creating a fabric (well, really it's more of a ribbon for me) to add pretty much anything you want to!
So, you can go relatively simple and just add a focal in the center, like this:
|Dolphin Dreams; hand-painted focal (by me!!!)|
Or you can go a bit crazy like this:
|Pretty in Pink|
Or you can go REALLY crazy like the bracelet you can see here from Etsy seller StickLizardDesigns (FYI--this is gorgeous and I wants it!!)