Using the Rift while standing and spinning around results in getting tangled in the 3ft USB, the power cord and the HDMI/DVI cable. That is the one drawback to it that I had to find a solution with. After a bit of thinking, I figured out that if the Rift included a slip-ring in the data cable from one end to the other, my solution would be fool proof, but it works well enough as it is.
Basically, I thought about VR arcades when I want to Disney and tried their Aladdin Carpet Ride VR experience, we were given a HEAVY headset that is slightly suspended from above. I figured that might be worth trying, so, my wife working at Wal-Mart brought home 2 Screw Eyes and 2 Spring-Loaded D-Rings. I put the Screw Eyes in the ceiling about the length that would suspend the Rift at head-height if I were 4'5' and I can use it at my height with some slack in the suspended wire which was about 2.5' apart. I took the D-Rings and clipped them through the screw eyes with the narrow part at the ceiling-side. I then clip the Rift cable into the D-Rings and tried it out. IT FRIGGIN WORKS LIKE A CHARM!!! The one thing I will improve upon is to make a clamp of some sort to hold the box to the ceiling and hold the cables up and relieve the stress from the cables that wants to pull them out of the sockets (velcro tie should work well).
Oh, and an extension cord to bring the power adapter closer to the box as well as a USB extension cable and a 9' HDMI cable was needed to get the various signals up to the box, but there are extension pieces you can buy for the power, HDMI and USB cables to ensure you have enough no matter what you need. I suppose you could also create a Hangman-type arm that would support the cabling as well instead of using your ceiling, but I have low ceilings and I'm somewhat tall, so height was a consideration.
As they say, a picture is worth a thousand words, here you go.