$4 'Cree' 2AA light.

Might try this one out...

http://cgi.ebay.com.au/Mini-Outdoor-Camping-CREE-LED-Metal-Flashlight-Torch-/250691215646?pt=US_Flashlights&hash=item3a5e5c611e

Hey there, looks like a good one. Don reviewed and liked a flashlight that appears to be the same as this one: http://budgetlightforum.cz.cc/node/343

I have the one from the second link. Ok as a battery holder, but not worth the price IMO.

Most of the flashlights I’ve ordered from ebay at that price group of <5$ shipped
were titled as 3w flashlights
they were marked as: Pailide, MXDL, Police, and no names.
Occasionally the seller will add to the title: , 5w, luxeon,
cree, et cetera
All of The ones sent to me, without exception, contained generic led on a plastic greenish pill, (Don has in his post http://budgetlightforum.cz.cc/node/343 a photo of that led: 2.5mm round yellow dot with two opposite bumps, in somewhat flattened 4mm plastic dom)
1X aa/aaa, or 2X aa/aaa, All were operating under 2 watts
and produced lite with bluish nuance.
the quality of the bodies however varies from decent to crappy .
for a moment i was tempted to order that one as well, but then decided to skip.
By the way, all of the flashlight bought at ebay for under 5$ except a really crappy one, were given to happy family members, and doing a decent service.