Rick Johnsson performs close-up magic, recorded by Larry Thornton in Portland, OR in 1980. He is assisted at the table by a young Daryl Easton.
This verison of the "Afghan Bands" (also known as the "Moebius Bands") incorporating zippers was marketed by Ed Eckle as "Möbi-Zip" in 1977. (Via MagicPedia).
The appearance of nested lids appeared as "Look! E's Flipped His Lid---" in his column "Come A Little Closer" in the January, 1977 issue of The Linking Ring.