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While there are a number of rotary tools on the market made by a host of different manufacturers, the Dremel Moto-Tool is the one they all strive to copy. Dremel's MultiPro variable-speed model is great for a huge range of projects, from home improvement tasks to hobbies and crafting. It has a continuously adjustable speed range from 5,000 to 35,000 rpm, which allows the user to effectively work with materials as soft as balsa wood and as hard as ceramics. The flexible shaft that comes with this model is great for working in tight spots many rotary tools can't touch. The kit also comes with an assortment of accessories and a handy carrying case. Others may copy it, but Dremel has been making rotary tools so long they've come close to perfecting the idea. --Brian Trinen
Dremel 3956-01 MultiPro Variable Speed...

 
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The Wave is the flagship of the Leatherman line, and we would argue that it's the company's most versatile multitool to date. It comes loaded with 17 different tools, including everything from pliers to screwdrivers to wire cutters. We really like the Wave's quality construction, its four locking blades, and the fact that the user can get at the knife without having to open up the whole tool--a nice improvement over the original model. While nobody's going to replace a tool set or do major auto repairs with the Wave, it's absolutely invaluable for a wide range of quick, on-the-spot jobs. --Brian Trinen

  Leatherman Wave with Deluxe Leather...