Created by Hungarian designer Peter Zsolt Koren, the ModYFire iWear can transform pieces of clothing into personal iPod holders. Featured on Gizmodo, the case itself hides under your jeans, jacket or T-shirt (as long as its 1mm thick) and can be attached and detached with one movement. Surprisingly, it moves freely with your clothes and will hold your iPod securely. If you happen to have a first or second generation iPod nano, you can get one of these 'make a statement without saying a word' iPod holders for $50. Let me know your thoughts, all I can say is I'll need to see someone else wearing the ModYFire before I'll entertain the idea. Check out the product site to see how it works and the 1000 ways you can wear it. 
Hmmm. I am not sure I like the IPOD under my neck. That seems like a choking hazzard.