With so much snow on the tundra, I took some time this winter to make a little jig to drill out all of my pegs. Most of the holes were much too small to ever slide over a knot and to realize that while on the water is a real PIA. Now I have a season's supply of workable strike indicators.Not a dumb question! Iracators: http://www.floatsunlimited.com/p087rw-25.html
I buy these indicators (last order was 100*), when I got them, I spent about 45 minutes with my cordless drill, fitted with a 5/64" (I think) bit and enlarged the diameter of the hole in the peg.
*I probably won't ever need to do this again
And with much more time on my hands I painted all of the strike indicators black on the lower half leaving just enough color on the top so I could see them easily. Over the years I have had numerous fish attack the strike indicator so it was obviously too easy to see. Perhaps the bright indicator can tip the fish off to our presence and possibly put them down. Just a theory but something that looks like a small pine cone or a piece of bark would seemingly have less tendency to alarm fish.