FRETS.COM
Shop Tip #147
© Frank Ford 2005; Photo by FF

Take an old broom handle or other heavy dowel, drill the end and glue in one of those super strong rare earth magnets. You'll be surprised at how often you'll use it to retrieve a dropped tool from a hard to reach place. Mine is about 30" long with a 5/8" diameter magnet and it will easily pick up a 12-inch wrench: