Thought & Found by Dani DaOrtiz

The magician puts a blue backed card face down onto the table and states that this card will be ANY card a spectator names.

Looking at the first spectator, he asks him to name the card HE WANTS the blue card to be. Before he will reveal, if that named card is really the one on the table, he lets a second spectator choose a card from a red backed deck.

The spectator loses this chosen card in the deck and places the deck inside the empty magician's pocket.

Now it's time for the Double Miracle: The magician puts his hand in the pocket and immediately pulls out the spectator‘s lost selection. He then asks the first spectator of what card he was thinking. The magician turns over the blue backed card on the table: the thought of card had been sitting there the entire time.

Only one deck is used
The spectators never see any duplicate cards
Resets in less than 2 seconds