I first wrote this up in some lecture notes in 2001. I figure it is time to get it online.
On one of my business trips to San Diego, I visited Brad Burt's Magic shop. Brad showed my a one-handed multiple cut that he had worked out by studying a classic Houdini poster. Later on an airplane home I played around with multiple one-handed cuts and came up with this one. It is a four way cut. The criteria I gave myself was that it had to be a true cut with each of the four packets ending in a different position. You can see a video of the cut below the tutorial.