This would make a fantastic Christmas gift for so many people I know!

From NOW Magazine:

• 
  FELT handlebar cup holder

  

  If you need a jolt of java while you ride, mount FELT’s cup holder ($25, Urbane Cyclist, 180 John, 416-979-9733, ucycle.com) on your handlebars but beware cycling with scalding coffee down speed bump-pocked streets!