How to save a tool with the Tool Preset Palette.

Before I started working on this, I'd never used the Tool Preset Palette. It was just one of those five thousand pull down menus I was always opening by mistake.
As with many things in Photoshop, there are multiple ways to get to the Tool Preset Palette. Here are two:
(1) A pull down menu "Tool Preset Picker" (TPP)on the left of the Options Bar.
(2) A tab on the History Palette.

It works like this.

Choose the tool and settings you wish to save. In this case I have the Pencil tool, set to 4 pixels, and black.
Click on the little Arrow button in the upper right corner of the TPP or the History Palette, and select “New Tool Preset.”

A window will pop up with a field for naming the preset. If the tool is a brush or pencil, an option is provided for saving the color with the preset. You can accept the name PhotoShop offers, or make up your own. You could use your friend's names, but It's easier to keep track of them if the name is relevant (and some of us don't have that many friends).

When you have finished defining your preset tools, use the TPP menu to Save Tool Presets. I recommend saving your new set under a unique name to distinguish it from your default tool presets. (I named mine after my favorite peripheral, “X-keys”).
So now you too can have a 40 pixel, Color Burn Mode, 42% Opacity, Magenta brush named Maggie in your TPP, but you still have to mouse away from the drawing to open the menu and get the tool, right? Not if you keep going.