Echo everything @Bigplanz says. It's great to have a lot of these around, since 1/8 gets used and abused so frequently. I use these primarily for pilot holes but they also tend to be my starter bit for boring steel, so they land in the trash more frequently than the rest of the set.

I've had good luck with this line of bulk drills. I use various size dry wall/ deck screws & many times I pre-drill or provide clearance holes. Very handy to have small drills in different storage compartments.

I use (and break) these a lot. Having a cheap source of common 1/8 inch drill bits is a good idea. My drill seems to eat drill bits, at least the small ones.

cheap way to get a handful of common bits. Great for pilot holes, rivets, etc