If you search UTube, the Tiger stack wrap is on there but not in entirety.
It will give you an idea of how it is done. Search for Tiger products for a start.
A lathe will make it so much easier but Chris Hightower mentioned that there were people out there before that could do them by hand.
You will have a lot of sanding to do which is easier using a lathe but where there is a will, there is a way.
The initial part of cutting the wrap and fitting it to the edge of the wrap groove, the applying of the contact cement and the final cut to the end edge of the wrap groove can be done without a lathe. Some supports made of 2 x 4s with a support groove in them would help you work at it better.
You could whip up something to that nature quickly.
If you are willing to do the sanding by hand without a lathe, then give it a try. Its not impossible. Just a tad more difficult.
Watch the vid and see what you think.
Here is the short version for you.
http://www.youtube.com/watch?v=EteSBoXm9bI
Tony does a great job. Absolutely beautiful.