Stuart posted a comment in yesterdays comments cluing me into something I wasnt aware of regarding router bits. A problem with many bits and routers is that the shaft of the bit can be longer than your collet. In this case, if you drop the bit all the way down into your router, it may bottom out, causing the bit to slip. Clearly, a rubber o-ring trick will do nothing for you.
Tim sent me a diagram illustrating the opposite end of the router shaft: where it meets the cutting part:

You can see where that taper occurs. Thats the area that I think Woodsmith was addressing.
All in all, I think the best and easiest tip is to just drop your bit into the router and back it out a slight -ahem- bit.
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No project video to post this week guys. Sorry. Somehow summer activities tend to keep me out of my shop more than usual. Heres an update:
Mere Minutes

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Router bit tip

I found out the the reason my dovetail router bit was slipping last week when I was making my sliding-lid box. I never knew that you arent supposed to slide bits all the way into the routers collet. Apparently it doesnt hold as tightly, causing the bit to slip. Woodsmith Magazine has a tip describing a method to ensure your bits stay where they belong. (Sorry, they dont have a way of embedding it here.)***
Wood Bits is now Mere Minutes. More on this and the router bit tip in this video:

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Make a drill bit case

I have a lot of drill bits. Mostly, they are all over my workbench and I always have a difficult time finding the one I need. I have several cases and containers: the ones that came with various bit sets, but they are mostly empty. After years of drill bit madness, I realize that the reason they are so disorganized is that the cases and holders demand too much organization.
They are flawed because they require me to replace bits into specific holes depending on their diameter. Too much pressure!
I designed this case to hold drill bits based on their general sizes. There is no need for organizational madness.

Wont they get dull this way? While I wouldnt store router bits like this, I dont think it dulls drill bits much. Plus, I dont plan on shaking them around for extended periods. Ive been sloppy with drill bit storage for years and can confirm that even the ones I have abused the most still make holes. Not to mention, I dont buy expensive drill bits. If one gets too dull, I will buy a new one.
The only part of this box I am not completely satisfied with is the latch. I just hobbled together various hooks and eyes from my parts drawers. It works, but isnt very pretty. But it is just a shop project. Not like anyone other than me will ever see it. I did add some fancy inlay which was quite unplanned.
Free plans:

• WWMM Drill bit case (pdf)
• Sketchup file