Introducing BudStraps. This is a new product that will ship in March 2015. If you've ever own an eyeglass strap, this works the same way - except that BudStraps have custom clip* to hold any earbuds headphones.
I spent a day with a prototype of BudStraps, and took it on walks and also showed off to some Better Than Ezra fans last night. They thought it was a great idea, especially when bringing up the headphones was done almost instantly. Imagine before this, there were so many steps to achieve the same thing: I had to fish out my earbuds, then straighten the cords, then put it in my ears. The untangling the cords is my biggest issue.
The strap is a lightweight neoprene (cloth-like) and I feel that it will soak up sweat. They have addressed this issue with a 'Sports' version, however for general use, the regular BudStraps should be fine for most people.
If you like the idea of BudStraps and think this will make a great gift for the music lover, then check out the Budstraps Kickstarter, which launched on Monday. Get in early and you get a discounted price and able to choose one of seven colors, including a limited sports strap and various other perks. Plus you get it before the product goes to retail.