Ingredients: 1/4" wing nut ($1), caribiner, bottle holder with caribiner ($1), eyelet bolt ($2), utility strap ($2), seat belt shoulder strap ($5). You can substitute any spare shoulder strap (as long as it can hook together into a loop) and save yourself a few more bucks.
Screw the eyelet bolt into the camera. Turn until finger tight. Do not overtighten, or you will damage your camera. ( I had only one SLR body, so I'm using my camcorder for illustration purposes )
Slide the buckle until it's close to the pad. The buckle will go just in front or behind your shoulder. (in front for easier removal, behind for cleaner appearance)