While friends watch media clips on their iPods and try to download TV shows to their cell phones, you can one-up them with the size and convenience of the Home Theater Watch. This little gadget has 2GB of built-in storage, which should be more than enough to hold a full-length feature film. It works with MP1, MP2, or MP3 and WMA audio files, as well as with JPEG images, and comes with software that will convert ASF, AVI, MPEG, WMV, DAT/VCD, and ASX files to a viewable format. The screen may be small, but the screen should provide resolution comparable to a PC. The watch is a great way to kill time when standing in line or when you're otherwise out and about, but bored and looking for entertainment. It is just $150.

[via bookofjoe]