Definitions for saddle stitch
Random House Webster's College Dictionary
an overcasting stitch, esp. one made with a strip of leather or cord. a spaced running stitch in contrasting thread.
Origin of saddle stitch:
a decorative overcast or running stitch, especially in a contrasting color
A stitch in which the center of the fold is placed across the saddle of the stitcher and then wire staples are driven through and clinched on the inside.
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"saddle stitch." Definitions.net. STANDS4 LLC, 2013. Web. 26 May 2013. <http://www.definitions.net/definition/saddle stitch>.