QUOTE(twistedsymphony @ Dec 7 2006, 04:16 PM)

If you build a circuit to pulse the LED at a high speed you can easily extend the battery life by large multiples...
heck might as well built it to run on a bunch of D-Cells... then you wont have to replace those things for years

I took your idea and drew up a little 555-timer circuit that would pulse the LED.
Imageshack link.I decided to go with 100KHz because they have a graph on the datasheet and that's the highest frequency there (that's not to say the 555 chip can only go up to 100KHz on astable mode .. I'm not sure what the upper limit is).
I followed the basic circuit diagram in the datasheet and improvised the LED part. The 555 chip will put out positive voltage pulses at 100KHz. In the math, it works out that the LED will be on for about 8 microseconds and off for 2 microseconds.
During a high pulse, the base of the transistor has a current through it so the transistor goes on (connection between collector and emitter). That grounds the anode of the LED and a current flows, turning the LED on.
During a low pulse the base has no current so the transistor is off (no connection between collector and emitter). That causes an open circuit for the LED so no current flows.
The 100K resistor is in series with the base to limit the current since very little is needed).
I just drew this up quickly so there's plenty of room for optimization. I don't feel like doing the math, but it may work out that this circuit will use more battery power than just an LED and a resistor (but I don't think so since 555's draw very little current).
**Oh, I just realized I forgot to add a switch. It goes right after that capacitor, in series with the 6-Volt line.