Helping Hands Soldering Fixture: Harbor Freight $5.99
How many times have you tried to solder at the track in a rush and burned your fingers, or ruined a wire by holding it with pliers? The Helping Hands Soldering Fixture will help you solder quickly and get a solid connection. It features a cast iron base that doubles as a sponge tray, and has a coiled stand to hold your soldering iron. It also has a metal post with adjustable alligator clips to hold your wires, and a magnifying glass with an LED light if you need to do detail work. The adjustable arms can fold away to take up less space in your toolbox.
– Available At harborfreight.com