As I was walking over my driveway the other day I spotted a pencil laying there. I'm pretty sure it had been there for several months, maybe longer. It had been trod on, driven over, crushed, and exposed to the weather. It was split along it's seam, the eraser ferrule flattened, and a chunk of lead was hanging out. Here it is, as found:

I took it inside, carefully reinserted the lead, glued it, wrapped it in tape, and clamped it in a vise while drying to hopefully correct some of the warp.

Once it dried I scraped the old paint and weathered wood with a utility knife (no sandpaper, didn't want to round off the facets!)

I then reshaped the ferrule (marginally successfully) with a small brass hammer and sprayed it with some red paint I had kicking around.

Here it is in it's restored state:

Was it worth it to spend two hours restoring a ten cent pencil? No, probably not.... but it was fun.