Slap the Deck
Effect: The magician fans out cards, and asks a spectator to choose one. He puts the selected card in the middle of the deck, and picks 7 cards off the top. He goes through a series of "Is this your card?", then turns the deck over, tells the spectator to hold it between the knuckles of their index and middle finger (facing out), slaps the pile of cards, and the picked card magically appears!
There is no preparation for this trick (woo hoo). First, fan the cards and tell the spectator to pick one. Square the deck and Palm the card on top, then drop your hand with the palmed card to the side. Tell them to put their card on top of the deck, bring your hand up, and slip the palmed card onto the deck, pretending to square it again. Take the card on top (telling them its "their" card when its the palmed card), and stuff it into the middle of the deck somewhere. Then take 7 cards off the deck, and put them into a pile, not letting them see the card on bottom (its theirs). pull up the first card on top, and ask them if its theirs, they'll say no. do this two more times, then turn the deck face up, and tell the spectator to make a loose fist. The magician puts the cards between the middle and index fingers of the spectator, and tells them to hold it snugly, but not too tight. Then, the magician slaps the pile, and their card (it was actually on the bottom of the pile) is the only one left. You may want to practice "slapping" the deck to get it just right.
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