This is how I did it.
1. You must have ATLEAST 6 torches
3. Go into your inventory and drop 3+ torches at once,you can drop more if you want but it has to be atleast 3.
You can now grab them and move them around anywhere you want.
Also note that for some reason,they'll glitch and float in the air until you bump into them.
Tested on the Xbox 360,not sure if it works on other systems but it should.
I mainly use it to light up rooms in my house that are really dark,like the alchemy and enchanting rooms. Bethesda for some reason decided to make those rooms have no lighting whatsoever (Riften house,Windhelm House,etc.) I also use them to throw down really dark places,or mess around.
If this is already known,then my bad,just thought I'd like to share.
Edit: if it doesnt work,you might need to steal some torches off the walls in caves/dungeons since those are already lit.