I thought about the paracord bracelet, but they are expensive, short, and probably uncomfortable to wear under motorcycle jacket. When you actually need the stuff, it will probably be too short to be of much use.
I have used paracord quite a bit though. I lost count how many times I've strapped down a bike with it for transport. (~7ish?) While I do use it generously, not one strip of cord has ever ripped.
And you never know when you need it to strap down stuff - in this case extra fuel.
Paracord is one of my best purchases. It's versatile, super-strong, packs down very small and light and it's dirt cheap.