This Earphone

Buy.com has the JVC HA-NC100 Noise Canceling Headphones With Auto Wind-Up Cord for only $39.99 with free shipping.

Product description from Buy.com:

The HANC100 is a Noise Canceling Headphone that can Produce a 75% Noise Reduction when in the Active Mode. It also has 50 hours of use on one AAA Battery. The HANC100 also has a Cord Rewind System, so that it will retract its 4.9 foot cord back up into its left earpiece. And to make it easy to!
travel the HANC100, folds down into a compact size for easy traveling. And when you are not traveling the HANC100s can be used in the Passive mode for Great Performance at Home.

FeaturesColor BlackManufacturer Victor Company of Japan, LimitedManufacturer Part Number HANC100Interfaces 1 x 3.5 mm Mini PlugConnectivity Technology Cable 4.9 ftManufacturer Website Address www.jvc.comDesign Type Over-the-headProduct Name HA-NC100 Noise Canceling HeadphoneProduct Type Headphone(s)

Product link.