I can't help on the history question, but a few references to versions of it pop into mind. If you have access to back issues of SYZYGY, there was at least one (and probably more than that) published in there using the performer's paycheck that was quite nice (I can try to find the reference tomorrow--my binder of those back issues is buried in the trunk of my car at the moment).
There are also a few, including a really unique one by Ted Karmilovich, in the various volumes of Bascom Jones's Compleat Magick.
Max Maven has a nice twist on it on one of his VideoMind videos (I think it's the opening effect on the stage video, but I'm not certain).
Jim Steinmeyer just printed a Bruce Bernstein version, based on some ideas by Barrie Richardson, in the September issue of "that other magic magazine" ;o)
Hope this helps,