Low-price, High-quality Ext. HDD

Can anyone recommend an external hard drive that's low-cost, but won't shit out on me after two months?
I don't need a lot of storage, since I'll only be using it at work. 40 gigs and up should work just fine. I'd like to keep it under $50. Can it be done?

easily forty gigs for that price, my buddy just bought a 240 or something like that for 70-90, i paid 110 for a 500 myself, with taxes, futureshop, bestbuy, newegg,tigerdirects

I bought a Trekstor 1TB for €100 about a year ago, so you should be able to find something in that range too for less money now. I think they don't even make 40 gig HDDs anymore.

I have a 500gb Screenplay HD HardDrive (Well its more of a media player, but still has 500gb storage)
I keep all my photos and important files on it.
I also put any film on it that I have downloaded, normally avi. I plug straight into TV and I can view my photos and watch my films
Has remote control too and displays films in HD 720i
All for £115

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