After numerous requests for help, I've made a "how to" for the pencil trick video.
I recently made a better tutorial video for the pencil trick here: http://www.youtube.com/watch?v=Dr4Emgk7OAY
Many people learn this trick right on the spot. Others have a lot of trouble figuring it out. There dosen't seem to be any middle ground so in other words it seems that you either can do it -OR- no matter how hard you try, you can't do it.
Very Easy
that is piss easy