How to Create Icons from Images or Extract them from other files

Ever wanted to make your own .Ico files? you can do it easily if you have the image and you want to convert it to the icon or you have an exe, dll, or ocx file with these icons and you want to extract them.
1 - SimplyIcon :

The easiest way of creating icons from images. Just a drag and drop is enough to get the icon from the image.