Immobilizer Stun Gun in the Shape of a Phone
The "Immobilizer" is a 900k-volt stun gun in the shape of a cell phone. And a rather modern, convincing one, at that; it even has a faux camera on the back. It also has a built-in 12 LED flashlight, with the button for "LIGHT" just millimeters away from the one labeled "STUN." Don't get confused!
Of course if the Immobilzer was shaped like an even more expensive phone, you could use it to lure in muggers, as well.
It's $85, plus shipping.
Product Page [SecuritySafetySpy.com via Red Ferret]

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This brings to mind the obvious question:
How come they don't have any stun guns that are built into *wallets*?
"Gimmie your wallet."
"Okay, take it easy, here's my wallet....KERZAP."
Cynic, that is a brilliant idea.
Just better hope the keylock on this baby is foolproof.
I bet this was modeled after the sony ericson w800.
this reminds me of the old gag where a person ironing is talking on the phone. Then get's distracted by the spouse or a messy kid and resumes the phone call with the iron.
It would be an interest scenario if one has this and a similar phone (ericson?) and if the answer button on the faux phone stun gun turns on the stun.
I've seen similar phone/stun product, but the one I've seen has the stun part at the top. it's a little obvious unless you're in a dark alley.
However, the wallet idea would be awesome if the stun prongs are on the side of the wallet, so you can put it right on the unsuspecting baddie's hand.
A stun gun is pretty bad, but for something REALLY scary, take a look at this real gun disguised as a cell phone:
http://www.youtube.com/watch?v=aECtpB034Hc