You’re probably thinking it can’t be that easy? Wrong, it is that easy. Hit the video after the ‘leap’ for the demonstration or read my break down below on how to make a custom iPhone ringtone, totally free, using JUST iTunes 8.

1. Find an MP3 (not AAC or anything with DRM [i.e. not bought, except Amazon])
2. Right click on the MP3 and choose ‘Get Info’ and select ‘Options’
3. Set the start and stop time to your favorite part of the song. You’ll want it to be no more than 20 seconds in length
4. Click ‘ok’
5. Right click on the song again, this time choose ‘Create AAC Version’
6. Drag the newly made AAC file from iTunes to your desktop
7. Delete the newly made AAC file from iTunes (it won’t work if you have duplicates)
8. Change the name of the extension (the file on your desktop) from ‘m4a’ to ‘m4r’ (note: to see extension in Vista you’ll need to modify an option in your Control Panel
9. Now drag the file, with the new extension, back into your iTunes Library. It should appear in your ringtones section

[Cnet]

There’s no way this is gonna last. You simply:

1. Go to this site
2. Search for your song of choice and click on it
3. Download the Ringtone version
4. Double click the downloaded file
5. Plug in your iPhone
6. Sync

And Whamo! you’ve got a free custom ringtone.  The sound quality isn’t top notch, but it’s FREE!  You can also upload your own ringtones as well!

I know it seems too good to be true, but it works!

[iSmashphone]