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Q: What is "instaflash"?
A: Since an incan bulb is whiter, brighter, and more power-efficient when it is overdriven, it is common practice to push bulbs almost to their bursting point. If a particular flashlight drives its bulb right at the edge, it may sometimes provide too much voltage and current (when the battery is fresh, for example), which will cause the bulb to burn out.
Overdriving LEDs causes overheating to various extents.
Q: What's the deal with LEDs and heat?
A: Forget anything you learned about LEDs from the National Geographic Channel's "Manmade" show focusing on flashlights, especially from the interview with the Philips employee. LEDs are quite efficient relative to other light sources, but they do produce heat. In fact, most aren't even 30% efficient! This means that the more power you pump through them, the more light and heat they will produce. Unlike incandescent bulbs, however, LEDs are actually damaged by heat. It's common for a well-driven power LED to exceed 120F (quite hot to the touch). Too much heat for prolonged periods can decrease the life of an LED or even kill it. The efficiency (and therefore output) of an LED suffers with heat as well, meaning that with most lights, there is a certain drive level above which the increased heat will actually result in less output than a more moderate drive level. To combat this, well-designed flashlights provide a method to get the heat away from their LED. The most basic (and by far the most common) method is the heatsink. This is nothing but a chunk of metal that contacts the LED and is heated by it, leeching the damaging heat away from it. The next step is to somehow transfer that heat to the environment, where it can dissipate. This means that the heat must have a "thermal path" which leads from the LED to the heatsink to the surrounding flashlight to the environment. Some flashlights benefit from being held by someone's hand so that their bloodstream can act as a heat pump (the blood near the flashlight is heated, moves away, and cools, and the cycle continues). Other lights have fins that increase the surface area which contacts the outside air. LED dive lights don't have much of a problem here, since the surrounding water is like an enormous heatsink. Bike lights benefit from the cool night air rushing past them.