sending from phone...start from PC
My deepest apologies "homemadehitshow"...
...sadly, the only way I have found to send ringtones from your Droid is to start from your PC. Read all the way through
Use a freeware program like Audacity
Audacity: Download
if you take a song already on your PC, audacity will allow you to get the 30 seconds or so of that song you wish to use as a ringtone and allow you to export (save) it as an MP3 to your PC somewhere. After you save it, you may want to change it (in explorer) from an mp3 to a mid extension, as this is the common format for most cell's ringtone formats, especially for non-droids...in the event you were planning on forwarding this ringtone to a non-droid cell. Once that is done, use your email from your PC to send a pic msg to your cell, for example, if your cell # is 999-555-1212, email it to:
9995551212@vzwpix.com
Once you receive it, you have it as a txt msg or mms, and you can forward it from your phone to anyone else's cell. If you forward it to another droid, they must have SaveMMS to allow them to save the song and use it as a ringtone, if you send it to a phone like a voyager, then they can just save as ringtone easy (as long as it is .mid file extension). I like using my pc to edit my ringtones then send em to my cell, this way, I will always have them to forward to my friends, and if I lose them, I can just resend them. I have heard horror stories about people who have downloaded songs, lost them, and have had no way to retrieve them unless they put them in media center or someplace like that. Unfortuneatly, unless someone comes out with an app that makes it easier, this is the way to send from your droid to other cells as a text or mms.