Here is an interesting tool that converts your 3/8" power drill into a miniature wood lathe.
The details on this tool are limited, but impressive for the price. It can accommodate work of up to 24 inches and 6 inches in diameter. That's pretty big, really.
At about $46.00, this could be a handy tool -- especially if space is limited or you just want to try out a lathe of your own on the cheap.
The funny thing is that a well-rated set of lathe chiselsmight cost you more than the lathe itself!
Check out the Grizzly H2669 Hobby Lathe