Clamps are an essential tool in any photographer's toolbox, and it would be difficult to improve on them. Nasty Clamps have done just that by taking flexible arms similar to those found on the previously reviewed Gorillapod and attaching it to, you guessed it, a clamp.
I've used mine by clamping it to the chair in front of me and attaching my Olympus audio recorder (via the 1/4" tripod mount) when I've needed to record lectures, choral concerts, and interviews. I've also attached external flashes to two clamps and had a quick, lightweight OCF setup. And while it's not supportive enough to hold up a dSLR, it more than accommodates my Panasonic GF2 as a lightweight alternative to a tripod (or GorillaPod for those who don't own one). Unlike the GorillaPod the flexible arm is expandable, and you can also pick up a hotshoe adapter that makes it easier to attach OCF flashes (which can be used on an any 1/4" tripod screw, not just a Nasty Clamp).
While the made-in-USA Nasty Clamps are a bit pricey their utility more than makes up for the cost.
-- Oliver Hulland
[For those who are looking to save a bit by going DIY here's a nifty guide to make something similar at home.]
(Via Cool Tools.)