Get the devilstick in a static stop directly above your head, so that the handsticks are pointing behind you, tilted up slightly so the devilstick is resting against your hands. Now toss both handsticks in a forward half-spin over the devilstick, and drop your hands to catch them (around chest height). As you catch the handsticks the devilstick should drop onto your arms and you can then roll it forwards onto the handsticks ala Static Rail.
The best way to get into this position is to start doing a Static Mess and as you uncross your arms raise the devilstick above your head. Stop when it is directly above your head and then you can do the handstick flips.