A fried of mine sent me this link where you can buy a 10-inch flexible tripod for $11.90. Basically it is the same as the "Joby GorillaPod SLR-Zoom" (the biggest GorillaPod) which you can get here for $49.95. The only difference I know is that the joints of the cheaper one are a bit stiffer. I decided to get one because I don't want to carry my tripod with me all the time. Shipping to Germany took 2 weeks and I'm really satisfied with the quality of this product. It carries my 550D with the 50mm or the 18-55 kit lens, a metal stepping ring, the H&Y fader ND and a big 3-way rubber lens hood without a problem. And the best thing: It also works nice with my new "Bilora Professional 1153 fluid head" mounted to it. I got the head for 39.99€ ($52) from a local electronics store in Stuttgart. I tested a lot of fluid heads (cheap and expensive ones) and decided to get this one. It's really cheap, build quality is great and panning is comparable to some of the cheaper Manfrotto heads. So all in all it's a great small head for shooting stills and videos - and it comes with a nice quick release plate.
This is a really lightweight and small setup with all the basic accessories you need for shooting nice timelapses or videos with some smooth pans. But you'll definitely need some more stuff for handheld shots or if you need to record usable sound.
10-inch flexible tripod: 5/5
Bilora Professional 1153 fluid head: 4.5/5
3-way rubber lens hood: 4.5/5