Credit:
The Glif is a small iPhone 4 accessory that works as a tripod for camera functions and as a stand for comfortable device viewing. As a stand, it simply clasps onto your iPhone 4 and keeps it propped at a reasonable angle. For the camera, the Glif has a threaded nut for attaching a tripod.
It's a simple but effective design that is made more impressive by the fact that it's generated almost $50,000 from Kickstarter in less than 48 hours. A donation of $20 will secure your Glif as soon as it's manufactured.
Glif in action: