No. of Recommendations: 1
It looks like you're supposed to screw off the plastic barrel, thread the cap over the insulation, then shove the wire in and screw on the cap to hold it in place.

I'd look for a different banana plug. I work for a pro audio manufacturer, and here's one of the places we buy parts:*banana*%2b*plug*&crc=false&Ns=SField&N=53000

I'd look at Mouser part # 530-108-1082-1 and 530-108-1083-1 (top of the second page). They're solder connectors, so you'll get a more secure connection, and they take up to 16 gauge wire. (If you really don't want to solder, there are cheaper solderless connectors on the first page that use a set screw.) Two plugs will set you back less than $5.

Sure, it's not gold plated or say "Monster" on it, but we don't use those in pro audio or broadcasting. If it's good enough to mix a DVD with, it's good enough to watch that same DVD.

Alternately, I'd find smaller gauge wire to fit the banana plugs you already have.
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