I've bought a lot of artificial suede lacing over the years, and Bill Worb carries the good stuff. There's no shedding, no snapping, no inconsistency. It's thin enough to work for many applications and strong enough to put up with the rigour of crafting. It has a slight stretch to it, which makes it good for lacing up leather projects, covering dreamcatcher rings, etc.
Right now I'm using it to hang my pom-poms, and I can punch multiple needle-sized holes in this lacing without it tearing or even stretching out! I'll be back for more, and I'd love to see even more colour options :)