This is the plug/patch they used on mine the other weekend:
![Image](http://n71.imgup.net/plug57830.jpg)
They let me watch the process and I can't envisage anything working better:
- dismount tyre and remove nail
- drill and clean hole with special drill bit
- sand and clean inner surface with power tool (like a Dremel)
- apply some blue goo (assuming it's a bonding agent) to inner tyre
- wait 5 minutes or so for bonding agent to start setting
- install plug/patch by pulling it through the hole
- cut plug stem to length on outside so the remainder is lower than the tread
- use a hand roller on head of plug/patch to remove bubbles and ensure 100% contact
- apply another different black goo (assuming it's a sealant) liberally over the plug/patch
- remount tyre & balance
- pour liberal amount of water over plug to check for leaks.
I think the bonding agent/s is a binary system as the bottom of the head of the plug (part that makes contact with tyre) had a sticky substance on it as well. The repairer actually pulled another new one out of the pack and showed it to me and then I was surprised that he threw it away immediately, obviously it won't be any good for use as it must have an uber short working life if it doesn't meet it's counterpart.