I just realized that I got through the weekend without asking a dumb question, so I'm stuck with 26 points to give away and only a sensible discussion to do it with. So bear with me.
Lots of times, students and young engineers aren't aware of some of the really handy tools out there, so they end up doing things the hard way for years. Then one day, some senile ole codger in the end cubicle says, "Wal, when I was at Biloxi Yard during the war, we used...." and it turns out there's a $10 tool (or gage) (or reference table) that is just the ticket.
So, what really handy tools do you own, have you seen, or used that not many people know about? Here's my start. It's a surface finish comparator. If you shop around, you can probably find one under $10 US. All you do is run your fingernail over the gage, then over the metal piece you're checking, back and forth till you find one that feels the same. I've had one for maybe twenty years, and can usually get it within one class. Lots of people make them. Here's one:

http://www.1gg.com/html/body_surfvisual.html
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