What are those colorful straps hanging off the rear tow hook of

Recently, I have observed straps (Yokohama, Michelin, Bridgestone etc written on it), hanging from the rear tow hook in cars. Is it for fancy or serves any purpose like anti-static discharge. I would

TOW STRAP - F87 M2 [AT-0002] - Extreme Power House

Racing design ribbon towing strap,Universal Fitment for All Models. Solid steel mounting bracket with a double stitched polyester strap! Strap.

RASTP High Strength Tow Strap (Red)

What are those colorful straps hanging off the rear tow hook of

Car Interior Decorative Heart Shape Hand Pull Ring Strap Auto

Tsurikawa Ring Heart JDM Train Bus Handle Hand Strap Drift Charm

What are those colorful straps hanging off the rear tow hook of

JDM Accessories Tow Strap Belt Fashion Pendant Tow Rope Ribbon

CSBH J Hook Heavy Duty Grade Tow Axle Strap Wrecker

What are those colorful straps hanging off the rear tow hook of