Not a total waste, but .... (12 June 2012)
The other reviews here are pretty harsh. I didn't think it was completely horrible, but it didn't work as well as I wanted it to either. I got it for 40% off, so I didn't spend a lot. The main thing I didn't like about it, was that it crimps the bottom of the tape or paper, and it looks kind of bad. I do like that it has a star and heart for characters.