Tired of those lame ringtones that apple give you to use? wish you could use any song from your music library? well you can, with this cydia app you will be able to use any song in your library as your ringtone. In order to do this you must have a jailbroken iPhone or iPod ,you can check out my tutorial on how to jailbreak iOS 5.0.1 untethered here.
Step 1. Go to cydia >> manage >> sources
Step 2. Edit and add the source in the image below.
Step 3. When sources are update search for AnyRing Cracked and install.
Restart Springboard after install and you should have a new app on your home screen.