Also, look for bulk tape erasers at electronic swap meets, etc.. They'll do well for larger tools that won't fit through the soldering gun loop.
With all these things, the trick is to withdraw the tool far from the demagnetizer before turning the latter off. If you turn it off with the tool close by, you may catch the mains sine wave at a peak and the tool will still be magnetized.
Aside: Most of us wouldn't be caught dead using a pair of all plastic calipers. Nevertheless, if you happen on to a pair, stick them in the tool box. The next time you want to measure a super magnet without magnetizing your good calipers, you'll be glad to have them.