I was using the paper clip and cup technique but it was klunky sometimes. I bought one from Wawak's sewing supply. It has a plastic stand, but a thick metal thread holder. When I saw it I thought that it might be too light to hold thread, but it works fantastically well.
http://www.wawak.com/products/produc...1-Cone-Holder/.
I love Wawak's. Their prices are phenomenal if you need what they have (they carry ridiculous amounts of thread and zippers, plus they have awesome prices when they have sales on things like Olfa blades and other sewing accessories). Flat rate shipping. If you go in with friend's you can buy $100 worth and get free shipping. If you like Gutermann polyester sew-all thread, they carry Gutermann Mara 100 which I have found is the same thing. They carry Signature quilting thread for a good price. Their customer service is really great. Every question no matter how small is answered. Their shipping is FAST, two days without having to pay extra. And their return policy is great.
No affil.