On Facebook, Mario Perdue posted a link to a very interesting cutting wheel made from two layers of paper.
On the video the paper wheel cuts through plastic, wood, dowels and corrugated cardboard.
Interesting to watch but I'd be concerned the paper might come apart at high speed. This would be one of the times I'd wear goggles. It could work in a pinch. I don't think Dremel wants anyone to see this video!