Have your character crouched.
Have an item on the floor.
Hold x to pickup item.
Mid animation, hold LT. Keep holding X for the entire glitch.
Your character/camera will spaz out all crazy.
Walk towards a wall.
Hold B to stabilize the crazy camera.
Put your back against the wall and slowly turn around while leaning similar to the current whitewall glitch. This exploits the same underlying issue.