Check this out on Kickstarter.
http://www.kickstarter.com/projects/klinggon/klinggon-the-magnetic-earphone-cord-holder
http://www.kickstarter.com/projects/klinggon/klinggon-the-magnetic-earphone-cord-holder
Magnets? But how do they work?
By creating a magnetic field that can attract or repel ferromagnetic materials, but that's not important right now.
Seriously though, those look pretty sweet.