Those who dabble with the odd bit of soldering or fiddling with tiny object would be familiar with the Helping Hands
tool, it comes with 2 articulated crocodile clips and an attached magnifying glass.
The truth is, though useful, the articulated crocodile clip are dastardly bad, inflexible ball joint with multiple tightening screw and the magnifying glass is often redundant (see Google image search screen grab).
So this is a version of the Helping Hands using a copy cat GorillaPod camera tripod
. The end result is something much more effective and much cheaper, very satisfying to use and folds away tidily, I even think this should be a commercial product available to everyone, hence the public domain license.
YouTube demo of GorillaPod:http://www.youtube.com/watch?v=Cgy9nnTP8ts
This is a very easy project, the hardest part is probably drilling a 5mm hole for the tripod mount. Little material is needed, the build is simple indeed.
Here's another instructable that is similar but much more difficult to build requiring coolant hose??http://www.instructables.com/id/Third-Hand-A-multi-use-helping-hand-for-electro/
So you will need a drill, epoxy, crocodile clips, of course the flexible copy cat Gorillapod tripod, and for the base, a piece of plastic at least 6mm thick (otherwise the tripod screw doesn't fit) or a scrap block of wood.
Amazon link to the £2.99 copy cat GorillaPod tripod:http://www.amazon.co.uk/Super-Flexible-Tripod-Digital-Cameras/dp/B001FTKVSQ/ref=sr_1_1?ie=UTF8&qid=1313237359&sr=8-1