Ever since I saw Roy Underhill's grease pot at the WIA conference in October, I've wanted to make one. Roy puts tallow in his box, but you can also use beeswax to lubricate your saws and handplanes.
Roy shows you how to build this box on his show, and I basically followed his suggestions step-by-step. But for a drill press, I used only hand tools.
It's a neat little project and one that can be made in an afternoon when you're trying to get out of doing housework or cooking dinner.