A visual how-to for cutting bias binding

I found this technique online at some point, it's definitely not my original idea. I don't remember where it came from, if any of you can help me make the proper attribution please let me know.

I like this method because it doesn't require marking the fabric and I can cut a lot of tape in very little time, especially if I start with a one yard piece of fabric. I've written brief instructions on the pictures. Please let me know if anything needs clarification.

Step 1

Step 2

Step 3

Step 4

Step 5

Step 6

Step 7

Step 8