I claim:1. A clipstand apparatus comprising:a flexible adapter having a first adapter opening on a first adapter end and a second adapter opening on a second adapter end;a collar having a first collar opening on a first collar end, a second collar opening on a second collar end, and a hinge recess on the second collar end;a male assembly insert having a cap, a stem and at least one ridge on the stem;a retaining piece having a circular opening with at least one retaining element; anda clip panel having a front surface and a rear surface;wherein the first collar opening is configured to receive the adapter and the second collar opening is configured to receive the male assembly insert;wherein the second adapter end is inserted into the collar and retained in the collar by the male assembly being inserted into the second collar end and the second adapter end, and the at least one ridge mating with the at least one retaining element of the retaining piece, the retaining piece being located on an interior surface of the flexible adapter;wherein the first adapter opening is configured for receiving a barreled instrument;wherein the clip panel is connected to the second collar end by a hinge assembly configured to connect to the hinge recess on the second collar.2. The clipstand apparatus according to claim 1, wherein the clip panel has a magnet embedded in the rear surface.3. The clipstand apparatus according to claim 1, wherein the clip panel is interchangeable through the hinge pin and hinge recess.4. The clipstand apparatus according to claim 1, where the adapter has at least one reduction to allow for a plurality of barreled instruments to be inserted into the adapter first end.5. A clipstand apparatus comprisinga flexible adapter having a first adapter opening on a first adapter end, a second adapter opening on a second adapter end, and at least one circumferential reduction between the first adapter end and the second adapter end;a collar having a first collar opening on a first collar end, a second collar opening on a second collar end, a collar circumferential reduction between the first collar end and the second collar end, and a hinge recess on the second collar end;a male assembly insert having a cap, a stem and at least one ridge on the stem;a retaining piece having a circular opening with at least one retaining element; anda clip panel having a front surface, rear surface, and hinge;wherein the first collar opening is configured to receive the adapter, second opening which is configured to receive the male assembly insert;wherein the second adapter end is inserted into the collar and retained in the collar by the male assembly being inserted into the second collar end and the second adapter end, and the at least one ridge mating with the at least one retaining element of the retaining piece, the retaining piece being located on an interior surface of the flexible adapter;wherein the first adapter opening is configured for receiving a barreled instrument;wherein the at least one circumferential reduction reduces the circumference of an internal channel approximate the first adapter opening configured to allow gripping of various sized objects inserted into the first adapter opening; andwherein the clip panel is connected to the second collar end by a hinge assembly configured to connect to the hinge recess on the second collar.6. The clipstand apparatus according to claim 5, wherein the at least one circumferential reduction comprises a first reduction configured to allow the gripping of smaller objects and a second reduction configured to reduce the internal channel at the second end of the flexible adapter to mate with the retaining piece.7. The clipstand apparatus according to claim 5, wherein the clip panel has a magnet embedded in the rear surface.8. The clipstand apparatus according to claim 5, wherein the clip panel is interchangeable through the hinge pin and hinge recess.9. The clipstand apparatus according to claim 5, wherein the at least one retaining element is comprised of three notches.