Dont loan out your tools

My biggest pet peeve is loaning a tool and then later , me having to go get it! That really pisses me the hell off. I good friend of mine is so guilty of this it causes a lot of friction, on my part. But the guy will do anything in the world for me! Yeah it is a balancing act for sure. But to most I will not loan my tools. And on the occasion that I borrow a tool, I will go out of my way to return it to set a good example. But with my buddy Jake? It doesn't work.

Borrow it like a tool I paid good money for so I have it when I need it?
Or borrow it like a cigarette and it's going to be gone when you are done?