ModaMama: Hair Tutorial: Easy Headband Updo --you can also do this when it's damp and sleep on it to get soft curls/waves in the morning (or wear it all day and have pretty hair for going out at night)
Separate the top half of the crown and section off the bottom into a ponytail. Next waterfall the top braid and section that off. Then tease the bottom half putting it into a low ponytail. Last combine the braid into the ponytail.