You can't possibly know how happy I was to find these tips. The rubber band trick worked GREAT! I sell used watches on ebay and sometimes stumble upon a watch with screws in the back that hold on the back plate. Needless to say, I had 3 expensive watches which all had stripped screws, and no way to get them out. I drilled them out a little first with a small drill bit on the Dremel tool, then the rubber band and a slotted screwdriver and VOILA! I also want to note I had also used a bit of WD-40 to loosed them a little first.
Brilliant ideas and THANK YOU!