I've done these braids many times before and they never get old for us. We love the Squish Braids! This is just a bit of a different take on them but still a very simple hairstyle.
Now (making sure the hair is VERY wet) create a loose regular 3-Strand Braid. When you get to the end of the braid, hold onto the middle strand and pull it tightly while you squish the other two strands up toward the elastic.