The Mobile Grip Mini Fold-up Tripod from Arkon is a neat accessory to carry with you, especially if you use the camera function on your device a lot. This is a universal design so it should fit most smartphones, as well as an iPod Touch and similar devices that sport a camera. With the exception of the adjusting screws, the kit is all plastic which is one of the reasons it's so light. Check out the video from Arkon below for actual use of the stand.
The stand consists of three pieces. The tripod mount, mobile grip adaptor, and mobile grip holder.