Bike Ribbon Padded Bar Tape. Just thick enough to give you some padding, not so out of place on a vintage bike to look funny. Easiest stuff to wrap ever.
http://www.speedgoat.com/Catalog.asp...132&Prod=16956
And wow, Speedgoat has it for $4.32 a box right now...sheesh!!!!
EDIT: Damnit, black is backorderd.