Researching the sequence of the colours lead me a merry dance, especially when I read so many differing views on the internet about the colours representing continents or countries. Note that the designer never said or wrote anything about the colours linking to continents or countries. The 5 rings appeared after the first games where athletes represented every continent, and are interlocked to represent the idea that the Olympics are universal bringing together athletes from the entire world.
French educator and sportsman Pierre de Fredy, Baron de Coubertin revived the Olympic Games in 1896, and after the 1912 games he designed the flag of the Olympics. Every national flag in the world contains at least one of the colours of the rings, which are (left to right) blue, yellow, black, green and red, on a white background. He designed the flag in 1913-1914 after he saw a similar design on an artefact from Greece.
The flag was to be used for the 1916 games but those games did not occur due to the war, so it was first used at the 1920 Antwerp games in Belgium. After the 1920 games the flag could not be found, and a new one was made for the 1924 games.
For those who want to link the 5 colours to 5 continents, maybe it goes like this (or maybe it doesn't.)
Africa - black
Americas - red
Asia - yellow
Oceania - green
Europe - blue
George Clooney was on TV so it wasn't hard to keep fiddling with buttons, and I completed these five bracelets as the movie ended. Should I list them in my etsy or madeit shop?