diff --git a/src/lib/annotations/annotations.html b/src/lib/annotations/annotations.html
index c5db794906..790faf218b 100644
--- a/src/lib/annotations/annotations.html
+++ b/src/lib/annotations/annotations.html
@@ -88,26 +88,75 @@
           this._parseElementAnnotations(node, list);
     },
 
-    _testEscape: function(value) {
-      var escape = value.slice(0, 2);
-      if (escape === '{{' || escape === '[[') {
-        return escape;
+    _bindingRegex: /([^{[]*)({{|\[\[)([^}\]]*)(?:]]|}})/g,
+
+    _parseBindings: function(text) {
+      var re = this._bindingRegex;
+      var parts = [];
+      var m, lastIndex;
+      // Example: "literal1{{binding1}}literal2[[binding2]]final"
+      // Regex matches:
+      //       Iteration 1:  Iteration 2:
+      // m[1]: 'literal1'    'literal2'
+      // m[2]: '{{'          '[['
+      // m[3]: 'binding1'    'binding2'
+      // 'final' is manually substring'ed from end
+      while ((m = re.exec(text)) !== null) {
+        // Add literal part
+        if (m[1]) {
+          parts.push({literal: m[1]});
+        }
+        // Add binding part
+        // Mode (one-way or two)
+        var mode = m[2][0];
+        var value = m[3].trim();
+        // Negate
+        var negate = false;
+        if (value[0] == '!') {
+          negate = true;
+          value = value.substring(1);
+        }
+        var customEvent, notifyEvent, colon;
+        if (mode == '{' && (colon = value.indexOf('::')) > 0) {
+          notifyEvent = value.substring(colon + 2);
+          value = value.substring(0, colon);
+          customEvent = true;
+        }
+        parts.push({
+          compoundIndex: parts.length,
+          value: value,
+          mode: mode,
+          negate: negate,
+          event: notifyEvent,
+          customEvent: customEvent
+        });
+        lastIndex = re.lastIndex;
+      }
+      // Add a final literal part
+      if (lastIndex && lastIndex < text.length) {
+        var literal = text.substring(lastIndex);
+        if (literal) {
+          parts.push({
+            literal: literal
+          });
+        }
+      }
+      if (parts.length) {
+        return parts;
       }
     },
 
     // add annotations gleaned from TextNode `node` to `list`
     _parseTextNodeAnnotation: function(node, list) {
-      var v = node.textContent;
-      var escape = this._testEscape(v);
-      if (escape) {
+      var parts = this._parseBindings(node.textContent);
+      if (parts) {
         // NOTE: use a space here so the textNode remains; some browsers
         // (IE) evacipate an empty textNode.
         node.textContent = ' ';
         var annote = {
           bindings: [{
             kind: 'text',
-            mode: escape[0],
-            value: v.slice(2, -2).trim()
+            parts: parts
           }]
         };
         list.push(annote);
@@ -152,7 +201,7 @@
             !node.hasAttribute('preserve-content')) {
             this._parseTemplate(node, i, list, annote);
           }
-          // collapse adjacent textNodes: fixes an IE issue that can cause 
+          // collapse adjacent textNodes: fixes an IE issue that can cause
           // text nodes to be inexplicably split =(
           // note that root.normalize() should work but does not so we do this
           // manually.
@@ -203,13 +252,11 @@
     // `annotation data` is not as clear as it could be
     _parseNodeAttributeAnnotations: function(node, annotation) {
       for (var i=node.attributes.length-1, a; (a=node.attributes[i]); i--) {
-        var n = a.name, v = a.value;
-        // id (unless actually an escaped binding annotation)
-        if (n === 'id' && !this._testEscape(v)) {
-          annotation.id = v;
-        }
+        var n = a.name;
+        var v = a.value;
+        var b;
         // events (on-*)
-        else if (n.slice(0, 3) === 'on-') {
+        if (n.slice(0, 3) === 'on-') {
           node.removeAttribute(n);
           annotation.events.push({
             name: n.slice(3),
@@ -217,44 +264,27 @@
           });
         }
         // bindings (other attributes)
-        else {
-          var b = this._parseNodeAttributeAnnotation(node, n, v);
-          if (b) {
-            annotation.bindings.push(b);
-          }
+        else if (b = this._parseNodeAttributeAnnotation(node, n, v)) {
+          annotation.bindings.push(b);
+        }
+        // static id
+        else if (n === 'id') {
+          annotation.id = v;
         }
       }
     },
 
     // construct annotation data from a generic attribute, or undefined
     _parseNodeAttributeAnnotation: function(node, n, v) {
-      var escape = this._testEscape(v);
-      if (escape) {
-        var customEvent;
-        // Cache name (`n` will be mangled)
-        var name = n;
-        // Mode (one-way or two)
-        var mode = escape[0];
-        v = v.slice(2, -2).trim();
-        // Negate
-        var not = false;
-        if (v[0] == '!') {
-          v = v.substring(1);
-          not = true;
-        }
+      var parts = this._parseBindings(v);
+      if (parts) {
         // Attribute or property
+        var name = n;
         var kind = 'property';
         if (n[n.length-1] == '$') {
           name = n.slice(0, -1);
           kind = 'attribute';
         }
-        // Custom notification event
-        var notifyEvent, colon;
-        if (mode == '{' && (colon = v.indexOf('::')) > 0) {
-          notifyEvent = v.substring(colon + 2);
-          v = v.substring(0, colon);
-          customEvent = true;
-        }
         // Clear attribute before removing, since IE won't allow removing
         // `value` attribute if it previously had a value (can't
         // unconditionally set '' before removing since attributes with `$`
@@ -273,12 +303,9 @@
         }
         return {
           kind: kind,
-          mode: mode,
           name: name,
-          value: v,
-          negate: not,
-          event: notifyEvent,
-          customEvent: customEvent
+          parts: parts,
+          isCompound: parts.length !== 1
         };
       }
     },
diff --git a/src/lib/bind/effects.html b/src/lib/bind/effects.html
index eb6a80ac4a..b605664395 100644
--- a/src/lib/bind/effects.html
+++ b/src/lib/bind/effects.html
@@ -14,10 +14,10 @@
 
     _shouldAddListener: function(effect) {
       return effect.name &&
-             effect.mode === '{' &&
-             !effect.negate &&
-             effect.kind != 'attribute'
-             ;
+             effect.kind != 'attribute' &&
+             !effect.isCompound &&
+             effect.parts[0].mode === '{' &&
+             !effect.parts[0].negate;
     },
 
     _annotationEffect: function(source, value, effect) {
@@ -77,7 +77,7 @@
       if (args) {
         var fn = this[effect.method];
         if (fn) {
-          this.__setProperty(effect.property, fn.apply(this, args));
+          this.__setProperty(effect.name, fn.apply(this, args));
         } else {
           this._warn(this._logf('_computeEffect', 'compute method `' +
             effect.method + '` not defined'));
diff --git a/src/standard/annotations.html b/src/standard/annotations.html
index 06f81bd0a6..4842f71346 100644
--- a/src/standard/annotations.html
+++ b/src/standard/annotations.html
@@ -139,9 +139,14 @@
         // Parse bindings for methods & path roots (models)
         for (var j=0; j<note.bindings.length; j++) {
           var b = note.bindings[j];
-          b.signature = this._parseMethod(b.value);
-          if (!b.signature) {
-            b.model = this._modelForPath(b.value);
+          for (var k=0; k<b.parts.length; k++) {
+            var p = b.parts[k];
+            if (!p.literal) {
+              p.signature = this._parseMethod(p.value);
+              if (!p.signature) {
+                p.model = this._modelForPath(p.value);
+              }
+            }
           }
         }
         // Recurse into nested templates & bind parent props
@@ -154,10 +159,12 @@
             bindings.push({
               index: note.index,
               kind: 'property',
-              mode: '{',
               name: '_parent_' + prop,
-              model: prop,
-              value: prop
+              parts: [{
+                mode: '{',
+                model: prop,
+                value: prop
+              }]
             });
           }
           note.bindings = note.bindings.concat(bindings);
@@ -174,14 +181,16 @@
       notes.forEach(function(n) {
         // Find all bindings to parent.* and spread them into _parentPropChain
         n.bindings.forEach(function(b) {
-          if (b.signature) {
-            var args = b.signature.args;
-            for (var k=0; k<args.length; k++) {
-              pp[args[k].model] = true;
+          b.parts.forEach(function(p) {
+            if (p.signature) {
+              var args = p.signature.args;
+              for (var k=0; k<args.length; k++) {
+                pp[args[k].model] = true;
+              }
+            } else {
+              pp[p.model] = true;
             }
-          } else {
-            pp[b.model] = true;
-          }
+          });
         });
         // Merge child _parentProps into this _parentProps
         if (n.templateContent) {
diff --git a/src/standard/effectBuilder.html b/src/standard/effectBuilder.html
index 4048a0ca57..b976fefc12 100644
--- a/src/standard/effectBuilder.html
+++ b/src/standard/effectBuilder.html
@@ -80,7 +80,7 @@
           method: sig.method,
           args: sig.args,
           trigger: arg,
-          property: name
+          name: name
         });
       }, this);
     },
@@ -129,39 +129,52 @@
       if (Polymer.Bind._shouldAddListener(note)) {
         // <node>.on.<dash-case-property>-changed: <path> = e.detail.value
         Polymer.Bind._addAnnotatedListener(this, index,
-          note.name, note.value, note.event);
+          note.name, note.parts[0].value, note.parts[0].event);
       }
-      if (note.signature) {
-        this._addAnnotatedComputationEffect(note, index);
-      } else {
-        // capture the node index
-        note.index = index;
-        // add 'annotation' binding effect for property 'model'
-        this._addPropertyEffect(note.model, 'annotation', note);
+      for (var i=0; i<note.parts.length; i++) {
+        var part = note.parts[i];
+        if (part.signature) {
+          this._addAnnotatedComputationEffect(note, part, index);
+        } else if (!part.literal) {
+          // add 'annotation' binding effect for property 'model'
+          this._addPropertyEffect(part.model, 'annotation', {
+            kind: note.kind,
+            index: index,
+            name: note.name,
+            value: part.value,
+            isCompound: note.isCompound,
+            compoundIndex: part.compoundIndex,
+            event: part.event,
+            customEvent: part.customEvent,
+            negate: part.negate
+          });
+        }
       }
     },
 
-    _addAnnotatedComputationEffect: function(note, index) {
-      var sig = note.signature;
+    _addAnnotatedComputationEffect: function(note, part, index) {
+      var sig = part.signature;
       if (sig.static) {
-        this.__addAnnotatedComputationEffect('__static__', index, note, sig, null);
+        this.__addAnnotatedComputationEffect('__static__', index, note, part, null);
       } else {
         sig.args.forEach(function(arg) {
           if (!arg.literal) {
-            this.__addAnnotatedComputationEffect(arg.model, index, note, sig, arg);
+            this.__addAnnotatedComputationEffect(arg.model, index, note, part, arg);
           }
         }, this);
       }
     },
 
-    __addAnnotatedComputationEffect: function(property, index, note, sig, trigger) {
+    __addAnnotatedComputationEffect: function(property, index, note, part, trigger) {
       this._addPropertyEffect(property, 'annotatedComputation', {
         index: index,
+        isCompound: note.isCompound,
+        compoundIndex: part.compoundIndex,
         kind: note.kind,
-        property: note.name,
-        negate: note.negate,
-        method: sig.method,
-        args: sig.args,
+        name: note.name,
+        negate: part.negate,
+        method: part.signature.method,
+        args: part.signature.args,
         trigger: trigger
       });
     },
@@ -253,7 +266,7 @@
       var node = this._nodes[info.index];
       // TODO(sorvell): ideally, the info object is normalized for easy
       // lookup here.
-      var property = info.property || info.name || 'textContent';
+      var property = info.name || 'textContent';
       // special processing for 'class' and 'className'; 'class' handled
       // when attr is serialized.
       if (info.kind == 'attribute') {