bind "Key" "toggle"

alias "toggle" "ON"
alias "ON" "exec 1; alias toggle OFF"
alias "OFF" "exec 2; alias toggle ON"

you can make a cycle of aliases that seitches between exec1 and exec2

think of those trash talk binds that alternate a phrase when the key is pressed. but instead of alternating to new binds, it would alternating between exec1 and 2

edit: god damn ninjas doing things better than I do