I came up with this cool idea. I really can't believe that I've never heard of anyone else doing this.
I use my powerbook for mainly music playing and AIM. I like to run the powerbook with the lid closed. But it goes to sleep everytime I close it. I could have just relocated the magnet. but I didn't want to make it permanent.
I disassembled the book and soldered a switch onto the sensor for the lid and mounted it in the back where the reset instructions are. This way it can function normally when I want and in closed mode when I want. The best part is, WallStreets don't overheat when closed!