Wow! Talk about a great find! Every time I’m working on the bike (aka motorcycle for seo benefits), I find myself misplacing bits. The other day I was wandering around in Pep Boys and stumbled across their magnetic collapsible tray. What a find, and it was only $3.00. I highly recommend it. It sticks in place upon whatever steel surface you choose, and gladly holds whatever steel bits you throw into it. The photo below shows it in action anchored to the gas tank.