WRMK - The Cinch - Bindery Tool - Version 2. 

The tool is great for making mini albums, recipe books, journals and more. Choose the holes to punch and let the punch bar do the work. Then thread the covers and pages onto the Cinch binding wire. The tool secures the binding wire, making it easy. The back of the tool will hold the book in place while the punch bar presses the binding wires shut. This heavy-duty tool cuts chipboard or several sheets of cardstock easily. Instructions included.

Bind from .325 inch up to 1.25 inch using double O wires or spiral binders (not included). Hole pitch: 2:1.