Making your own palm drills is a cheap and fun, and you will have a tool that can be used in all sorts of ways. You will need an electric drill to make a palm drill! A vice and some nice hard wood like holly or apply.
This video goes the process without using a epoxy resin (water resistant glue ). However, if you do have some, it is never a bad idea to put it into the hole before you place the drill piece inside. You can buy all sizes of drill pieces, the thinner the hole, the more delicate the craft.