In the linked code (below for posterity), the path global/blocks/catalog/rewrite/Product_View_Options_Select
global/blocks/catalog/rewrite/Product_View_Options_Select
should be global/blocks/catalog/rewrite/product_view_options_select,
global/blocks/catalog/rewrite/product_view_options_select
because the block class is specified using lowercase in layout XML files (eg. https://github.com/benmarks/magento-mirror/blob/1.7.0.2/app/design/frontend/base/default/layout/catalog.xml#L228).
/app/code/local/Lbb/Catalog/etc/config.xml
/app/code/local/Lbb/Catalog/etc/config.xml
<?xml version="1.0" encoding="UTF-8"?>
<config>
<modules>
<Lbb_Catalog>
<version>0.1.0</version>
</Lbb_Catalog>
</modules>
<global>
<blocks>
<catalog>
<rewrite>
<product_view_options_type_select>Lbb_Catalog_Block_Product_View_Options_Type_Select</product_view_options_type_select>
</rewrite>
</catalog>
</blocks>
</global>
</config>
Hope this will help you.
Thanks