TM has covered all manner of stripped-screw removal before (e.g., screw extractor sets, screw pliers, EZ Grip Friction Drops — or the home-brew alternatives: spit and grinder dust, or spit and Comet Cleanser), but I’ve never seen this extractorless approach using a rubber band, as described in Apartment Therapy via Lifehacker. The concept is basically the same as friction drops: adding something to increase the grip, usually in combination with a slightly larger bit size.
Where do you think this approach ranks in the stripped-screw-removal methods? What about tools like the Alden Grabit? Do you have tried-and-true techniques, or do you just jump to the last resort, as Apartment Therapy also notes, the needle-nosed Vise Grips?
How To Remove a Stripped Screw Without an Extractor [Apartment Therapy]
Alden Grabit Via Amazon [What’s This?]