GoldenGadgets.com has the 2-Pack Silicone LED Bike Light for $5 - 10% off with coupon code OUT10 = $4.50 with free shipping. The 2 LED lights strap to any bike frame or handlebar and provide 600 meters of visibility, in a strobe or solid beam setting.
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I think having these things stare at me with their evil eyes while I ride would freak me out too much.
Just got 2! The product description makes it look like the free shipping is to Hong Kong only but it really was free shipping to US.