This is Ton Onosaka's version of the Billy McComb card trick, Royal Revision.
A spectator is invited to get involved. The rest of the audience
is shown a large prediction, the Ace of Diamonds, which is put
into an open-front frame for safekeeping. An oversized set of
playing cards is shown to the audience. They see that the
cards are all Aces of Diamonds—the performer can’t miss.
The assisting spectator selects a card—the Queen of Diamonds.
The trick has gone wrong! Not to worry, as the performer
extracts the prediction card from its holder it visibly changes
from the Ace into a Queen, ending the routine as a surprising
success. A visual, instant transformation a la Instant Art, from Ton Onosaka.
