I have seen people in the past use little twisty ties to hold a set of cords in place. This can not be the best way to go about setting up your home theater system. Does anyone know of a product that is used to keep your cables organized behind your TV set. Thanks for your help guys

I have used this wrap and it works great and it help you have a vary professional look to your cords. Here is the link why don't you check it out. They are not priced all that bad either.

F6 Braided Wrap-Around Sleeving

Well I'm using a single big flexible plumbing pipe to get all my cables organized,
it's cheaper than buying individual sleeves