I've been reading the site for ages and kept meaning to contribute (although I'd thought my first instructable would be something spectacular not this !!!) .........but hope this is of interest to some.
UPDATE - I've added some more detail is steps 4 and 5 - enjoy :-)
Step 1: The Build List
2 x Large binder clips
2 x Medium binder clips
2 x Small binder clips
Alternatively variations on the above and some time to work out how to assemble them so it works for you :-)
1 x Pair of pliers (Grips for those not in the UK) or a multitool or really strong fingers
15 x minutes (including making a coffee and drinking it whilst admiring your new stand)
Step 2: Step 2 - Assembly
1) Inserting the iPod cable now prevents serious risk of fingers being pinched at a later time
2) Bending the 'handles' of the smallest binder clip will allow your iPhone or iPod to rest on the stand without it falling off - this step is highly recomended. You may need to adjust the angle later for a perfect fit
3) Final pictures in this step show the most tricky bit......ensure the final large binder clip 'feels secure - moving it backwards and forwards alters the angle that your iPod will rest at.
Step 3: Add IPhone or IPod and Admire
Also works in landscape although the screen is slightly obscured - if you will mainly use in landscape I'd suggest not threading the cable through the binder clip (no point and looks messier) and perhaps bending the retaing 'handles' of the small clip all the way over so they dont obstruct the screen as much.
That's it - one fully functioning, not too bad looking desktop iPhone/iPod stand.
UPDATE - Carry on to step for more detail if the pictures so far haven't made much sense........
Step 4: Additional Detal 1
Anyway in addition to the initial 3 steps, some more details.
1) Open the medium binder clip and put the cable through (you choose which side the cable enters from)
2) Open a large clip and attach each of the medium clips to the bottom edge of the large clip
3) Remove the handles of each medium clip
4) Push the medium clips together to close the gap a little (can be adjusted later also)
Step 5: Additional Detail 2
2) Remove the bottom handle of the large clip you have been using and fold down the top handle so it's out of the way
3) Open the last large clip and attach over the back of the assembly as shown in the middle picture
4) Fold back the handles you moved earlier, your stand is ready
Hope that makes more sense , sure is harder than you think writing detailed instructions.