Sliding Knots And More!
Take your length of leather or cord and tie a simple overhand knot around one side (B) of the cord with the other side (A).
Now take B and tie it in the same way around A.
Tighten both knots, and clip off excess.

That's all there is to it!  Now you can slide the knots together for a longer necklace, or pull them further apart for a shorter one.
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Here's a couple of links to more pages on different types of knots.  Troop 7 Knots    Ropers Knot Page     and some Macrame Knots if you're interested.