How to get more help from your helping hand:
1) Add a third hand to your third hand: The reason is that you will be soldering something being held by the main pair of alligators, and will still need an extra clip to hold a wire you want to tin before soldering.
2) Wrap the teeth with heatshrink tubing: It will prevent the teeth from scratching your boards or other delicate subjects.
3) Rubber Pads for increased grip. A must-add!
Use it backwards just as shown in the first picture: This way the vertical force coming from the weight of your circuit will not be enough to tip it over. Seems pretty obvious but for a time it wasn't for me.