make your 'helping hands' 100x more useful for soldering / gluing small parts

Step 2 Add a third hand

if you have a second 'helping hands' or just the necessary parts, add a third hand to the thing.

Or, make a third hand as seen here:
http://www.instructables.com/ex/i/EF0675CE4D541029AC23001143E7E506/

Also, you'll want to put tape or heatshrink tubing, or wire insulation around the alligator teeth so that they don't bite into the wires you're working with.