I have a rotary tool (yay for me!), and it has proved really usefull to me in more than one occasion. The very notion of carrying pocket sized factory excites me dearly.
This isn't Dremel tool, but some german made thingy, pretty much ok, it even came with flexshaft.
But one of the problems that had bugged me is grinding, it isn't natural to, for example, sharpen your knife or make a set of lockpicks with both things in hands (one sharp, and other abrassive and very fast rotating + mains powered, and of course when grinding metal you must dip it in water from time to time, and here comes a nasty frying potential).
This is why i decided to make things happen, and stop sitting on my bottom...and i made a WOODSLAB!!! who wants to touch me???
ok, i admit that this is pretty lousy for an instructable...flame on!
as a high priority remains bench drill mechanism for rotary tools, can't find them in my country...i will try to do that next (building, not finding).

Step 1: Materials & Tools

ok, lets list them up:
materials:
1. you need a slab of wood (hence WOODSLAB!!!), or anything else (but then it isn't WOODSLAB!!!) to which you can fasten those hoseholders
2. hoseholders (2 pcs.)
3. two screws, you dont see them in this pic, but i guess you know how they look

tools:
1. wirecutters & ultra cheap fake leatherman -i used these since i needed to liberate the WOODSLAB, previously known as seventies art reading lamp post, hence holes you see on it.
2. power screwdriver
3. power drill (you dont see it, but i used to to make pilot holes for screws)

Step 2: Drill, Pilot, Fasten...

so, what do you do?
take hose holders and screw them into the wood, try making pilot holes before you screw directly into wood, this will reduce stress on wood structure, since it is less likely to splice that way.

Step 3: Place Everything Where It Belongs

ok, now you're almost finished, just place your rotary tool in, and lightly screw holders so that you dont need the screwdriver to take the tool out, but that it still fits snuggly.
wood should be heavy enough for you to work without worry, alternatively you could bolt the whole contraption to your work table (try not doing it on your lunch table)

Step 4: Other Hoseclip Toolholding Applications

So, i found here a computer case shelf, and thought that i must have it. yesterday i made it, and i found a place for my accu driver on the side and i utilized hose clips to hold it