Since I can’t use the music on the transflash card for ringtones, (I think I’ve mentioned before how verizon choose to butcher their phones, thus disabling lots of yummy features), and I can’t get a data cable for the phone until the 27th (don’t ask) I had to go find another way to get decent tones without paying $2.99. It’s not that I think $2.99 is a lot of money…well, yeah actually I do think $2.99 is a lot of money for a ringtone, so I ain’t paying it. I’m not a ringtone fanatic, but I can’t have a phone that beeps, or bops, or plays a whinny tune.
Anyway, this is what I did.

1. Take one of your favourite mp3′s and open it in audacity
2. Clip it to around 23 seconds (ample length for a ringtone)
3. Export mp3
4. Go ringtone uploader and get it sent to your phone.
5. Once it arrives to your phone, go to options and save as a ringtone.

Works for me until the cable arrives.