I like the little folding plier tools. Although rarely needed they can be very handy often enough for me to think they are worth having in a saddle bag. But I didn't think the little flashlight that was built into the tool was that useful. So I replaced it with a presta to schrader adapter.
I drilled a small hole in the side of a presta valve of a ruined tube I had on hand. Then I cut the valve, cleaned up all the sharp edges on the grinder, and used a tiny bolt to attach it to my little folding plier., then I screwed on the presta to schrader adapter, complete with a cap.
I like it! You are awarded five internets! [IMG]/img/vbsmilies/smilies/icon14.gif[/IMG]
BTW, My track bike and a couple of my old road bikes that are still fitted with Campy cage pedals and toe clips all have a Schraeder-to-Presta adapters screwed to the toe clip fixing screws.