Um, well, it could surely work but the results wouldn't be pretty. Women in China bound their feet to make them small, petitite and look more fragile. It was thought women with large feet were unattractive. It started with noble women, but soon the practice spread out to the general population, and suddenly most women had their feet bind as children by their own mothers, grandmothers, aunts, etc. And all in name of beauty. Since their feet were bound as a children, these women would have incredibly small disproportional feet for their height and weight as adults, they would be severely deformed and walking would be very painful. Their toes were broken and squeeze under with great force, and the bones would all break, they would bleed and be in great pain. All because men wouldn't marry women with unbound feet, so it actually became a fashion to bind them.
Women with bound feet couldn't walk properly. Many men had a fetish for bound feet, because of their fragility and the power they had over their wives to move freely and control them. Yes, because many men thought bound feet would prevent their wife from running away with a lover, cheating on him, or just end their marriage as she depended greatly on him. So it became a control practice, a weapon for men to oppress women.
Binding anything in your body will have horrible results and it will ve very painful. So please don't do it. It's crazy. Binding your neck could potentially kill you, for example, as it could cause problems with breathing. You won't like the aesthethic look of anything bound in the end and there are no professionals who would advise you to bind. You know, women come in virtually all shapes and sizes, so trying to an achieve an ideal of perfect proportional women, just remember she doesn't exist. So many women are unhappy with their proportions and body sizes because culture imposes unreasonable beauty standards, which are just impossible to ever reach. So please don't fall in this trap. Besides what you want to do will have horrible results, anyway. There are some things we just better accept as they are, they don't make us in any way less beautiful.
Don't become a captive to artificial conventioned beauty. You will regret it and go through great pain if you hold yourself to this standard perpetually.
x
EDIT: Oh, just to sum up, and to answer your topic question. No, binding does not work.