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Volume MC settings: This'll help you change your volume controls to the media controls i.e whenever you are listening to your ipod music on Iphone you can change the track from volume button. Yes, no need to go back to the Iphone and change the track :-)

MX Tube: Easy to stream and download Youtube videos and save them on your Iphone with this handy application.

My Cinema (With dtunes): This app will help you search more than 400+ movies and TV shows and you can download them and watch them with the help of dtunes. They do have some good collection of movies and they are extending their database everyday.

Cycorder: The app that will help you to make the video recording with your Iphone camera. The alternative is qik, the good thing about qik is it lets you share your video over the youtube and other social networking sites.

Backgrounder: As the name says it will play your apps in the background even when you want to use the SMS service, Email or just want to listen to radio.

Best of Youtube: Grab the best of youtube with this app. There are hell lot of video's on youtube and most of them never reach the viewers, this is one app that help you watch some good filtered videos. You can upload your videos aswell.
CAUTION: There is an Adult content filter for this app and it will display a warning, if selected movie could be inappropriate for you.

Shozu: Do you love images and pictures ? This app gives you the opportunity to share your pics with your friends through Email, facebook, twitter, photobucket... you just name it.

Camera bag, Best camera, Camera genious : I believe there is no single app that can really satisfy the Iphone owner with the Camera editing app. The DEV team might be working on this but for the time these apps can help you play with your pics.

Installous: Ok... This is something that you must have if your Iphone is jailbroken...WHY (A big WHY????) because its the app (or I should say a community of people) cracking the paid apps (anything from $ 0.1 to $ 50) and you can get that app for free... Yes for free (if it's cracked :-) )

ifile: The ifile can help you connect your Iphone through wifi to your PC and you can upload the files to your Iphone (Like I uploaded my lecture notes...)

isystem info: The MAC address of your Iphone, IP address, the processes running, memory free/used etc. can be easily viewed by this app.

easymix: Make your own music with this app, just mix the tunes for the duration of time you want to play  and you'll get the real DJ music at the end. It's so fun and your friends will love your creation.

ebuddy: The best IM service available for IPhone users, find all your friends from gtalk, yahoo, msn, facebook etc. on ebuddy.

Bosspaper: There are some apps (Themes etc.) that require bosspaper to be on the Iphone to work and this app can help you change the theme on your iphone, wallpaper etc. which are compatible with bosspaper.

AppGems: Don't know which app is ranking up the list at apple store, just use this app to find out. Then go to Installous (the above mentioned app) to find if any genious :-) have cracked that app for you.

Contactplus: This one is some intelligent kinda app, it'll help you put a pic of your contact member in your contact list, note the birthday details, filter the contacts by the category they belong to etc.

CyDelete: When you jailbreak your Iphone and install apps from Cydia (Icy) it will not allow you to delete those apps from the screen but you have to go back into the cydia and delete them. This app will help you to delete those cydia apps from the screen (by showing the cydia apps in red cross). Pretty time saving app.

Categories: Ok... Now when you got all these and other apps (as your friends have reckoned you), its pretty hard to go through each page of the Iphone to search for a particular app. Why not put common apps (like games, video, movies etc.) in their own folder by using Categories and save your precious time.

Remote: I want to finish this list (as one can go on and on with these apps :-) ) with this remote app which is free at apple store and make your Iphone a remote device for apple TV and for playing Itunes on your PC.