I was able to put together somwhat of a lanyard for the iPod mini. It seems to work fine, but I wouldnt go out in public with this on.
Step 1: Attatch the pants clip to the mini. This should hold the mini up just fine.
Step 2: Push the head phone wire sideways through the hole on the pants clip. Then take the head phones and plug them into the ipod. You should be able to hold it up now with the cable.
Step 3 :Put the wire around your neck, and your headphones in your ears. You should be able to walk around with it just fine.