Perfect for creating your own cable binder.
Cut it to desired length, make a little insertion cut and fold the strip through the cut, and you will have a strip, that sits very tight on the cable, ready to use.
It is also perfect to create a cabel hanger / stress releif for cables hanging down from f.inst lightstands: Make the cable binder long - when stowing cables, use the strip as usual - when hanging in the light stand, make a loop with the excess length and hang it on the boom :)