I wear it high.
Although my DiMarzio Cliplock cotton strap, even at it's highest, is kinda low. So i'm gonna cut it shorter by 5cm, and thus the length will be the same as the DiMarzio Cliplock nylon strap. Hopefully it'll sove my problem.
Which reminds me... I have no idea whatsoever how those punkers play their guitars. I mean, they wear it so low that its around their knees, man! :x