Sn0wbreeze 2.6.2
Verizon iPhone owners, your untethered jailbreaking prayers have been answered. Hacker iH8Sn0w updated the Sn0wbreeze tool, adding support for Big Red handsets running iOS 4.2.7 and finally allowing those who have forsaken AT&T to bring the magic of Cydia to their phones without the cumbersome need for tethering. The usual caveats apply: you'll have to get your hands on a copy of iOS 4.2.7 (just do a little Googling) and there is always a very small chance that something could go horribly wrong and you'll wind up with a very shiny paperweight. Mac users will have to sit this one out -- Sn0wbreeze is a Windows-only affair. Hit up the source link to get your iHack on.

[Thanks to everyone who sent this in]

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Sn0wbreeze brings untethered jailbreak to Verizon iPhone for Windows users