Check out this lens cap for the Olympus XZ-1. It not only keeps your lens safe, but it also looks cool, like your camera was made for a James Bond villain. This is a great design. Most manual lens caps will just dangle and get in the way, but this retractable lens cap splits apart and slides back into place when not in use.

If you want one, it will cost you about $90 including shipping from Japan. Seems like money well spent to us.

Looking for a new way to pimp your ride? Motionlite is now offering retractable LED lights for your wheels. You mount them right behind your wheels and with a remote control, you can extend the six-inch arm and activate the LED throwing light directly onto your rims for a cool glowing effect.

Right now there are seven colors available. These will definitely get you noticed. The kit costs $500, but just think of all the chicks you’ll get while cruisin’ around.

Emerge Technologies just dropped its latest retractable universal notebook charger dubbed the ReTrak. If you carry a lot of devices with you, this will come in very handy. It’s designed specifically for those on the go and aims to make your life easier.

The small and lightweight 90W charger features fully retractable cords that can extend nearly three meters, two USB ports for charging multiple devices (iPods, Blackberrys, MP3 etc) and it works with over 7000 different notebook models. The ReTrak Universal Charger will cost you $99.99.

This one looks pretty useful for those of you who travel a lot, combining two items in one. The USB 4-Port Hub with Retractable Mouse Pad. As the name implies, it has a built in retractable mouse pad and a 4 port USB 2.0 hub.

It’s compatible with Windows, mac OS and Linux and measures 246 x 280 x 26mm. Some other specs include: USB 2.0 4-Port Hub, Fully compliant with USB 2.0 specifications, Backwards compatible with USB 1.1, and Built-in Blue LED backlight.

It seems counterproductive to be buying a portable DVD player, what with Blu-Ray and all of the other options available to you, but if you are eyeing a new DVD player, check this out. The most interesting feature of the DCP951/37 from Philips is the retractable iPod dock.

Its compatible with the iPod Touch, iPod Nano and the iPod Classic. The DCP951/37 will give you only a 640×220 resolution, but on the other hand it can play almost all standard video discs and also has an SD card slot. You’ll also get MP3 support, 2 x 3.5mm stereo headphone jacks and a built-in battery that will give you almost 3 hours of playback.