I'd like to put some of that 3M 2228 rubber mastic tape on but that crap is impossible to find locally and I can't bring myself to order tape online. It just feels wrong. Haha.
I have some industrial strength velcro somewhere and will probably put a strip of the "softer" (female?) side of it on the top of my chainstay. Kind of ghetto still but not as much as the sliced inner tube and zipties I've currently got going.
I also see 3M makes a clear ductape. That's another possibility.
Magic Wrap is a good alternative to the mastic tape. Can be found at Rona or Home Depot locally.
http://www.glasgowmfg.com/pages/magicwrap.html
Ive got it on the chainstays of most of my bikes. It isnt as thick and durable as mastic tape would be, but it definitely easy to apply and makes a nice job of wrapping the stay.
PS Rachid (NSMB handle rnayel) has at least one roll of the super thick mastic tape up for sale last I looked on Pinkbike.
http://www.pinkbike.com/buysell/1589909/