Step 1: Laser Cut the cover and mechanism out of masonite.
Spring (Clicky-pen springs work great)
Nut, Bolt, and Washer
Length of String
A whole lot of newsprint for the pages.
Fireplace Matches (The brand I picked in the photo is the best of the ones I have tried)
Binding thread / needle
Breathable Cloth book cover
Download the File that I've attached and modify it as you need to for whatever type of laser-cutter you have. Basically you want to cut out all of these pieces from masonite. Masonite is a good choice because it's cheap, solid, and it burns up. You should note that if the staples you have are not the same width as the holes in my diagram or the tracks on the match slider you'll need to adjust the plans.