Well, WD-40(oops) is more of a solvent then a lube. IT works really well for cleaning a chain, taking of grips, and getting rusty parts moving. But as for keeping something lubricated and protecting it, WD-40(dang, I said it again) is not the tool for the job.

Rainman, there are pliers called vice grips, you may know what I am speaking of, one can adjust the tension so that they clamp securely on the whatever. They are great, because it is easier to get a good tight grip on something, and you don't have to worry about the vice-grips slipping off. I was using some regular pliers to hold on to a small blot on the Univega I am using, and the pliers slipped off and smashed my fingers in between the handles...