How to Make a Camera Stabilizer for $7

Christopher Penn, creator of the Financial Aid Podcast -- which, ironically, is an audio-based podcast -- has a great tutorial on how he built a handheld stabilizer for his video camera... for $7.

Granted, you need a couple power tools and the common sense to use them properly. But if you're mechanically inclined, you can make yourself a pseudo-steadicam for less than the price of breakfast. Not bad.