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1. Earn a Valkyrie Rocket
2. Equip the Valkyrie Rocket
3. Change to your equipment (Right on dpad)
4. Change back to the rocket. (Up on DPad)
5. Repeat 3 & 4 over and over again.

I was able to do it 63 times in one game by rapidly changing between the two.

If this is old sorry for reposting.

I would imagine this works for PS3 as well.

I posted it first extremely old

thats a very cool glitch

Sorry haha. some people havnt even heard of the glitch.