Today, when I run, I just carry my phone. It ends up doing everything the old clip did but in a much larger and more cumbersome package.
I'd probably carry my phone anyway these days after having a run, years ago, where my IT band told me I was done NOW but I was 8 miles from home. It was early Sunday morning and I ended up walking 2 miles on country roads and then through an empty office park before I found some place with a phone to call for a ride. That sucked.