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.