I have all the gear I need, and then some. But none of it is really valuable.

So what do I value most?

Having a job that I can commute to on my bike. That's what I call a value!

I'd have to say that's the best answer so far!!

I know it's evil and wrong, but it's my iPod. I listen to podcasts:
the Fredcast -- all about bicycling. Best podCast on the web. www.thefredcast.com
Fresh Air -- NPR
This American Life -- the other reason to buy an iPod
All Songs Considered -- NPR music stuff

I have many favourite things I use for my commute, but the latest thing that has me smiling right now is the ear protectors I stapled to my helmet straps last night and tried out this morning. Similar to these: http://store.airbomb.com/ItemDesc.asp?IC=HE1100. I made mine out of an old polar fleece top and stapled it to the straps for now. It stops wind noise almost completely. Up until now it was driving me batty. Problem solved.

Honourable mentions :
Good Lights
Good tires that don't flat all the time.
Music Player.
Comfortable Seat.

A destination.

If it were not for work, I wouldn't have so much fun getting there and back.

Al

Are you guys talking about your commute?

Park chain cleaner. This thing keeps my gears and chain running smooth. In winter this gets used about twice a week to keep the salty dirty grit away. A pump and tube are quite good as well though. Oh and levers to get the tyres off.