Joel_BC
Super Self-Sufficient
This is the best video I've seen that teaches how to sharpen twist-drill bits. The guy who posted it explains a number of "why's" and "wherefore's" too, which helps you to better know what you're doing.
http://www.youtube.com/watch?v=GID_kRsWnZk&feature=g-vrec
Personal opinion: With small drill bits, it may generally make sense to just buy another one when a bit gets dull, especially if you live near a hardware or industrial-supply store. With larger high-quality bits, I think it pays to know how to sharpen bits in your own shop.
http://www.youtube.com/watch?v=GID_kRsWnZk&feature=g-vrec
Personal opinion: With small drill bits, it may generally make sense to just buy another one when a bit gets dull, especially if you live near a hardware or industrial-supply store. With larger high-quality bits, I think it pays to know how to sharpen bits in your own shop.