No - there are better ones than that which you can purchase at a party store. They have a portion that tears easily when pulled or stretched. It is obvious when they have been "swapped" if examined at all.
Our boys are teens now, so this is not going to be a concern for us again until the grandkids come along. But this was a frustration for us 15 years ago, and it still exists today. At no other park that we have attended were our children turned away at a ride entrance after being allowed to ride earlier in the day or trip. WDW just spent $2B on this
MDE stuff. There has to be a better solution which could leverage that technology.