not the one that every one is doing but this:
i will be insulation the middle one with electrical tape but right no i wanna know if this is safe to do
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Should be save.
It's not that you are going to be electrocuted or something 
The question is, how will the noise be? And how long before you get a cable break.
It should hold for a while, but its not really elegant.
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Maine
yea i know i just need something to hold me over until i can fit my 1/4" pro sound somewhere