Another use for a vise grips is to make a "pinch off pliers" which is a necessity when working on air-operated equipment (mostly in a manufacturing plant) when its not always easy to shut off the entire air to the process (this could drop other parts, etc), or you have a hose that's suddenly blown off its end, whipping around, etc (you haven't lived until you've seen what a 3/4" dia air hose ~ 10ft long can do blasting 100psi air out of the free end...lets just say you can't hear yourself think and also its more dangerous than a whip....)
I digress, but position some round stock pieces, lets just say 1/4" dia in the jaws, clamp the ODs together. This could either be perpendicular to the jaws in a "T" configuration or inline with the jaws just gripping the tips. Now weld them to the jaws (tig is ideal). Using the screw adjuster, you adjust the clearance so the tube (either rubber-ish hose or a thin wall polyethylene tube) is pinched flat and the air is shut down, without completely damaging the wall. There's sort of a feel to this but as long as one doesn't have to use gorilla grip on 2 hands its typically OK.
Have to get some pics on that as well. Not sure its that useful in a home shop though as the air systems are typically pretty small and have a lot of hard lines.