Ask ye and ye shall receive!
Please note these sponge filters are disposable. If you try to keep them too long they will fall apart. I use them strictly in breeding and rearing tanks. Each one lasts me about a month. Four months for 1.97 USD ? That's darn fine hillbilly economics in my book!
Step one: Got to your local DIY store and purchase a general purpose sponge, often sold as a grouting sponge or a painter's sponge. Here is what I buy and use. (I admit I get the bulk pack.)
http://www.homedepot.com/webapp/wcs...langId=-1&catalogId=10053&productId=100173109 I use these sponges because they are open celled, but small enough they do not suck up valuable live foods like artemia napuli and daphnia. DO NOT USE KITCHEN OR BATHROOM SPONGES! They have caudate unfriendly chemicals in them. Natural sponges work really well too.
Next, cut and trim the sponge with a sharp pair of scissors. As a general rule, I cut lengthwise down the middle for 10 gallon tanks. I cut those two pieces across their middles and get four small filters good for rearing boxes and daphnia cultures.

Once you have it cut to the size you want, rinse the sponge out well by squeezing water in and out of it four or five times. The final time, wring as much water out of it as you can.
Next you need to make a hole in the sponge from the "top" to about 3/4 of the way to the bottom. This can be a bit tricky, so I made a tool to do this out of a piece of metal tubing about the same diameter as the airline I use.

I filed the end of it to make it like a knife edge.
Now, take your tool (Or a knitting needle) and with a twisting rotating motion "drill" your way down into the sponge. Be very careful you do not dig a hole into your hands.

(Imagine me chain smoking and twisting this thing around...

)
Now you will have a nice hole in the sponge the same size as your air line.
Finally, siphon out some well cycled tank water into a bucket. Force the sponge into the water and squeeze it out really well four or five times. After the final squeeze, leave it saturated. Now insert a section of air line with a valve on it.
Now, place it in your tank, hook up the air pump, and you have a basic sponge filter!
Now, you will notice the sponge filter floats a bit when it is brand new. This is normal and does not really affect functionality much. You can let it run a few days and it should sink on it's own, if it does not, give it a squeeze or two to help saturate it.
Alternately, you can cut a slash in the bottom just deep and wide enough to stick a glass marble or two in it to weigh it down. The advantage to the marble method is that when the sponge filter reaches the end of its useful life, the marbles fall out!
I do not do the marble method any more strictly because I am very, very lazy.
Finally, do not use the marble method for adult caudates, this can be a ingestion hazard.