I'm not able to get my hands on a set of calipers but I have measure tape. I know you can use a combination of measurements and input them into online calculators to generate an approximate bodyfat reading.
I also remember the really cool article Ellington Darden(http://www.T-Nation.com/free_online_article/sports_body_training_performance/lost_training_tips_an_oldschool_collection_of_muscle_insight&cr=) put up and how it said you could use the difference in measurement between flexed and unflexed bicep to determine fat levels as well.
So... Bodyfat calculators will give me a reading of over 20% on account of my waist being thick. However running with the Darden method I'm well below 10%.
For the record I'm definitely above 10% (seriously now lads), but I'd be amazed to think I was above 20%.
I'd love a little bit of an explanation on this one. I always always had a thick waist, even at very low fat levels, currently at around 37 inches, but thats with no pronounced gut or serious love handles.
I do know that much of the fat I've gained of recent months would have gone on during high stress periods so I'm also wondering if that could have the result of putting much fat on my waist, while leaving my arms superficially lean, thus accounting for the major difference between the results I've gotten.