Better use a library like Guava:
import com.google.common.collect.Lists;
Iterator<Element> myIterator = ... //some iterator
List<Element> myList = Lists.newArrayList(myIterator);
Another Guava example:
ImmutableList.copyOf(myIterator);
or Apache Commons Collections:
import org.apache.commons.collections.IteratorUtils;
Iterator<Element> myIterator = ...//some iterator
List<Element> myList = IteratorUtils.toList(myIterator);