Super Cool Do-It-Yourself Tripod That's Better Than Mine

I have one of those cheap bendable tripods that you can get for your point-and-shoot camera. I've seen the Gorillapod which looks to be a pretty good improvement on my cheaper version.

I saw this video on creating a cool do-it-yourself tripod though that doesn't look as pretty but would do a much better job than my cheap tripod and would also work for my camcorder. Even better than that is that it costs about $1 in materials and about 10 minutes of your time to make (if you're not very handy with tools).