I would advise against using a dollar store pointer for something like that. Not that I would even recomend it PERIOD..
I purchased a spoiro kit some time back for $50. It was to check out the circuit used etc, and came with a cheapo $-store type red. The label indicated that the output was <5mW, so I loaded some fresh button cells into it, and checked the output to see if it was even near 5mW.. The laser came in at 10mW on two different meters
So unless you have a means of testing the actual output, I would strongly advise against any such behaviour. The majority of pointers and keychain lasers are made overseas. That being said, why would you want to risk this?
Even if you dont suffer immediate and noticable effects, it doesnt mean you wont be wearing coke bottle glasses in the distant future, and I doubt you would notice any degradation in your night vision. Doing something like this would be just plain stupid anyway