Multiple Standard Values

There are some situations where we would like to have multiple Standard Values for the same template. This is not possible with Sitecore. Or is it?

The other day, whilst pondering about branches, I thought of this formula:

Clones + Branches = Multiple Standard Values

So this morning I have done this short video to show it in action:

As you can see there are a few issues. I may try to sort them out, although I suspect some of them are buried quite deep down in the product.