I have bought 2 of these.  The idea is great.  They stay on a mic stand great.  Also fit a guitar stand and a music stand.  It holds the pics very well.  They are easy to pull out.  Just requires 2 hands to put a pic in it.  One to push pick and one to hold the stand as you have to push it in.  I guess the idea is to hold the pick and make it easy to pull out when needed fast.  Perfect if you drop picks a lot.  There is a pick with a sand paper type grip -COOL- picks.  They also help the slippery fingers.