I love the Griffin protective case but it comes with a crappy stand. It's ok if you just want to prop up the iPad and look at it but if you touch the screen it just flops over. I didn't want to buy another accessory for this thing. Plus I just like making stuff.
Material cost: 1 24" piece of poplar $9.56 at Lowe's (could be done cheaper but poplar looked nice, I made a second identical one out of pine.)
5 rubber bumpers about $3.00 at Walmart
Wood Glue $ various(I already had a giant tube of it)
Tools I used: Table saw
Step 1: Measure iPad or other device as to determine size of stand.
Step 2: Select material and purchase.
Step 3: Cut pieces of material.
Step 4: Assemble pieces.
Step 5: Enjoy new iPad stand.