I don't want to drop my Canon SD800, so I made a cord loop long enough to go around my neck, and allow the Canon to fit in my back pocket. The cord goes through the wrist strap that came with the camera. I can hold the camera with two fingers and not worry about it.
Here's a picture of it from the BF ride (I'm in the foreground, you can see the cord):
http://www.flickr.com/photos/wheres_...7602203413188/