Hey, dont knock cheap and cheezy. It is the way I am learning, and I imagine all of these guys learned.
As somebody said "Show me a master smith, and I will show you a guy who has screwed up alot of stuff."
My father dropped his small 3" (now 2 3/4") Cold Steel Voyager clip point and broke the tip. I reground the blade, polished it to 400 grit and did a little file work. I then put a braded tassel on the other end and viola!
He loves it and he wants me to do his medium 4" tanto Voyager, which I am working on for christmas.