Escape King Tenyo T-204 Collectors!

The magician inserts a card with a hole through its center into a folder, and then passes a ribbon through the hole. After closing the folder, the card magically escapes from within the confines of the case. As a follow-up effect, the card penetrates on and off of the ribbon with ease.
All props can be passed out for examination. The folder appears to be completely ungimmicked, but its clever construction contains a secret. The small props easily fit in your pocket, enabling you to perform escape magic right in front of your audience’s eyes. This trick is divided into two parts, and is designed to become more and more impossible in each phase.