Two jokers both with a hole through the centre of them are passed out for examination. They are then placed to one side. A card is selected, signed, and placed in between two jokers with holes in them. The selected card can be clearly seen through the holes. A snap of the fingers and the signed card vanishes. It reappears face up in the centre of the deck.

You really need to see this effect to believe it.
Easy to do comes with step by step online video instructions this excellent routine.

Also as a bonus is Iain's excellent handling.