I always try to lock up beside a nicer looking bike. I've also covered my frame with reflective tape so brand names are hidden, it's kinda ugly, and it's really distinctive.
For carrying the lock - I keep a u-lock in my panniers and a cable lock wrapped around the front of my topbar with one pass around the front of the bike so the lock doesn't slide along the bar. It stays still quite well and doesn't get in the way of anything as long as I don't get it around the brake cable in the front.



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Personally, I don't ride my road bike when I'll have to leave it alone. It's not replaceable, so I'm paranoid. I reserve my touring bike or my mixte for those type of rides and I keep a cable lock in a bike bag. I have seen many thin lightweight cable locks though, some that you could even put in a jersey pocket. They won't deter a real thief, but they'll keep joyriders and jokers from making off with your bike.

