You need 1W IR diode, no matter what wavelength is.
UF host .. here is with cheaper emitter
DealExtreme: $9.90 Ultrafire WF-501B Philips Luxeon K2 Blue LED Flashlight (1*18650/2*CR123A)
18650 battery
https://www.dealextreme.com/details.dx/sku.1213
9mm module (with one lens included)
9mm diode housing with glass lens for red laser or 808 nm laser [OL9mm] - $7.20 : Welcome to O-Like.com, Your source for laser products
2 aixiz plastic lenses
Standard Aixiz Acrylic Lens 2 pack ! [salens] - $1.09 : StoneTek Electronics, Your Laser Parts Store
1.4A AMC7135 driver
AMC7135 1400mA Regulated Led Driver - eBay (item 260599140613 end time Jun-06-10 21:20:49 PDT)
I'd also put LED indicator so you can know when laser is on.
You need any LED (FV less than 4.2V) and resistor to limit current for LED)
And you need heatsink for UF and for this O.like module. You can machine it.
That is pretty much what you need.
One more thing
If you plan to make host case positive, then you don't have to electrically isolate diode from host. But then you cannot use AMC PCB as contact to + pole of battery.
If you plan to make host case negative, then you have to isolate host from diode, and then you can use AMC PCB as plus contact to your battery. (As I did)
So, if you want to isolate module, you should also use thermal tape.