It's a binder clamp, what can you say? It's well made, I've had several and none have fatigued in six or seven years. The lip on the top is a nice touch. They look beefy but are reasonably light. Be sure to order the correct diameter, not your seatpost diameter but the seat tube, don't ask why I brought that up. Comes in black and silver, I have one of each, they both look great. I use them on two different carbon Cervelo frames.
Very happy that BTD is now carrying this tape. I haven't wrapped bars in a long time, but this tape went on easily (plenty of stretch without tearing, easy to redo if you don't get it quite right). There appears to be plenty of length if you need it for wider bars (mine are 40cm and I had quite a bit left over). It looks good with the embossed logos, and is easy on the hands. I don't know yet how easy it is to clean (I have the brown, which probably doesn't show dirt as much).
I was having an issue with my seat dropping down slowly and occasionally even twisting during my ride. I would have to stop intermittently to readjust it during the ride. I swapped out the factory quick release for this beefier Lip-Lock and the seat now holds firmly in position. As a bonus, I no longer have to worry about someone flipping the lever and walking off with my saddle. I highly recommend this over the stock seat clamp. You will not be disappointed