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How much are you willing to spend on the truck? A lot of the mods spoken of on here will probably never pay off not to speak of all of the opportunity costs in time.
I would just do what everyone does to small trucks: delete almost all of the accessory drive and regear the rear end as low numerically as possible.
OR just go get a v6 Ranger/s10. The 3.0 only gets 1-2mpg less than the 2.3 and will tow 4000lb. I was able to get 25 mpg tanks with a 96 Ford Ranger 3.0-5speed with 3.73 gears. If I am able to get it 3.08 swapped it would be a 30mpg capable truck that would tow 1500lb objects respectably.
Reminds me of the ad on the CRX when it first came out with the extremely overgeared trans and the engineers were talking about how fun the car was because you really had to maintain momentum to keep it going in high gears lol.
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"I feel like the bad decisions come into play when you trade too much of your time for money paying for things you can't really afford."
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