The term 'strip of material' can be summarized as a RIBAND, which is a narrow strip of fabric or ribbon used for decoration or tying. It is often used to adorn clothing, hair, gifts, and other items. Ribands are usually made from silk, satin, velvet, or other materials, and come in a variety of colors and patterns. They are often used to add a decorative touch to an outfit or to tie a bow around a gift.