a shoelace cover incorporating an interchangeable fashion panel for covering the shoelaces of a gym shoe . the shoelace cover is secured to the shoe by a number of straps threaded through slots in the shoelace cover . a strap secured to each side of the gym shoe includes a loop and hook material such that the straps can be disengaged and the shoelace cover can be drawn back to expose the shoelaces of the shoe . the fashion panel is attached to the shoelace cover by a loop and hook material such that at the whim of the shoe wearer , the fashion panel can be replaced by other fashion panels to convey a fashion statement .