You could try a trick I used in my rod builging days. I used this for securing the blank to my lathe. For a line spool, get a piece of hose (rubber fuel line or clear tubing) that just fits through the hole in the spool. Then you need a long bolt (a left hand thread is preferable - but right hand does work), slide the hose/tubing over the bolt, thread a washer and nut on, tighten the nut until it "bulges" the hose/tubing enough to grip the spool. Now chuck it into your drill and away you go .
I use a 1/4"X3" machine screw (threads all the way) with 2 fender washers and a 1/4" nut. Run the bolt through the center with a fender washer on each side of the spool, finger tighten the nut and stick the remaining threads in the drill. This is one of the pieces of "high tech" equipment I use everyday.
Simular to Kush's method, just not quite as fancy.:smokin:
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