In Flight by David Regal

See Video Demo:

Effect:

The performer hands a spectator a deck of cards and instructs him to make sure all the cards are different, and to then shuffle the deck in any manner he desires. 

At that point a rubber band is placed around the deck and the deck is sent out into the audience where three different spectators each peek at a card and commit it to memory. 

THERE IS NO DECK SWITCH.

Upon return of the deck which is not inspected in any way and the performer correctly divines the three thought-of selections in the manner of the classic Tossed-Out Deck.