Over the years, I've collected a number of gadgets for holding recipes and cookbooks. My Home Economics teacher recommended laying a sheet of plastic wrap over the cookbook page so as not to splash it. I don't have a lot of counter space, so I hate to give room to a book.
My neighbor gave me an idea that I love. Got an extra skirt hanger in the closet? Look how it can be used to keep your recipe from getting lost, wet or damaged:
If you're going to hang it near the toaster, as in this photo, unplug the toaster or you may wish you hadn't tried this hint.
I like it because I can take a page out of my cookbook and hang it in plain sight. Speaking of sight, I can also hang my reading glasses on it. Recipes and reading glasses are two things I often misplace while cooking.