>>> s = 'abc'
>>> it = iter(s)
>>> it
<iterator object at 0x00A1DB50>
>>> it.next()
'a'
>>> it.next()
'b'
>>> it.next()
'c'
>>> it.next()
Traceback (most recent call last):
  File "<stdin>", line 1, in ?
    it.next()
StopIteration