I received as a gift from a supplier a magnetic wrist band to hold screws and what not. It just got in the way so it has been lying in the bottom of my tool tote. while vacuuming up drywall dust on a recent remodel I attached the thing to the end of the vacuumed hose/extension and presto… now it not only sucks up the dust but those pesky drywall screws, nails and any other metal fix themselves to the magnet. I would imagine if you could tape a few loose magnets to the end of the hose as well. It also makes it easy to store in the van it magnetizes to the frame.
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The coated magnetic is the axis thing of this band.