If you have some applications that you want to hide from the iPod Touch Springboard then follow these simple steps to hide app icons using third party app SBSettings : You must have a jailbroken iPod Touch.
- Install SBSettings in your iPod from Cydia
- Swipe your finger from left to right at the top of the screen, this should have opened up the SBSettings dashboard.
- Tap on More, this should bring up the following dashboard
- Go To Hide Icons
- Tap to Off , Exit by pressing the Back/Home Button.
To display the App Icons again follow the same steps and turn it ON.