I am working in my addon for create realistic ropes with blender (2.73a) and cloth simulator.
You can see and try out alpha addon here: http://youtu.be/81LB-p50ncU (link for Download in description video)
In the left toolbar you can see new tab named: Rope.
Note: CAUTION Note that it is a testing version, and have it set to first erase full scene
inspired or based in this tutorial: http://youtu.be/4ANT5vf5H-Y
Enjoy and thanks.