I am still very interested to figure out if there is a way to create and save a password.
I have yet to figure it out, but is there any way to create or save passwords while on your phone? If there is please let me know.
@helpmeifyoucan: I've merged your separate posts as they seem to be about the same thing. You can create a new Login item in 1Password for Android using the ( + ) button. There you can generate a password for it (just tap the blue "key"). I hope this helps. Be sure to let me know if you have any other questions!