Don't be confused by the artistic nature of the 2 Light, a design by Noel Zeller and Wei Young. It's really functional as a light and lamp. On one hand the 2 Light can operate as a standard flashlight, but it can quickly pull a Transformers and change into a headlamp with a fully adjustable head.
A quick release in the completely weatherproof casing allows the headlamp to easily pop out so you can utilize it to work on your car, or maybe to hunt for gnomes in your attic. The 2 Light is powered by AAA batteries and uses Nichia super bright white LEDS. It's available for $40, or $36 if you happen to be a MoMA member.