Nice box RyanGi... neat hinges and it's hard to beat mag "locks".
My first thought was a vino dispenser, The taps look like The Wood Whisperer's creations. I bought both metric and imperial sets, but wasn't as adventurous as you to box them... fortunately they fit neatly with my other drill bits on my louvre door... I did go to the trouble to laser engrave the drill bits used for each., The value above is for softwood and the bracketed number below is for hardwood, I had to buy some dopey imperial drill bits for the imperial set.
If I remember correctly I wrote a blog on LJ about them comparing and saying how much better they were in wood compared to metal taps... unfortunately, I can't provide a link as I doubt if I'll ever find it again with their new format.
Sorry, not trying to hijack your post, but making a "mini review" of the taps for other readers.
If your first cut is too short... Take the second cut from the longer end... LBD