Yep, exactly that thing. Lasts for ages on cheap dollar store AAAs (gets upset at rechargeable AAAs and always complains that the battery is low). Don't buy the refills at Staples though, they're under ten bucks on Amazon (and get the 9mm ones instead of the 12mm ones, less dead space on top/bottom).
The labels are thin and flexible, the print doesn't smear, they haven't peeled from juice leaks, yet they come off easy if you need to relabel. Plus you can use it for other things (I label things in my freezer/fridge all the time, why not?).
Edit: Nice and tidy, see (well, other than the pantry clutter)

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