Originally Posted by
Crankycrank
If you have some Channellock type pliers and some type of grinding tools/metal file you can make a very nice tool to service your headset and other notched type of nuts and lockrings. You may need to grind down the thickness of the jaws as well to better fit the lock rings.
DIY Lockring Pliers : 3 Steps (with Pictures) - Instructables
Harbor Freight is a great source for tools to cut/grind/weld in this fashion.