I recently bought a book on bookbinding.* It was a valuable resource, I changed a few of the instructions to suit my needs. This instructable presents a a method of bookbinding using ribbon and thread to hold a number of small booklets (signatures) together.
*Real Life Journals by Gwen Diehn
Step 1: Gather Materials
Ribbon - 1/2 inch
Thin hemp cord or thread
Paper - for pages and concertina