Papers are placed into the jaws of the device which punches two holes, threads a length of ribbon through and ties it in a deluxe bow -- and does this in a purely mechanical fashion via one turn of the brass crank.
Papers affixed by the Executive Document Fastener would carry the sophisticated charm of efficiency, without compromising the personalised feel of a ribbon-bound manuscript.
Suave corporations would have their emblem embroidered onto the ribbon.