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I slice used bicycle inner tubes and use them for handlebar wrap. A worn out tire tread can be cut up to use as insulators around bolts to cut vibration. All of my bike lights use rechargeable batteries.
Larger scraps of wood, drywall, etc. are kept around for small-- and usually unexpected projects. Drill bits are resharpened instead of tossed. Two 50 gal drums collect rain water for my wife's garden.
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