Multiple buffer option with Buffer tool (not Multi-ring buffer!)

Idea created by 1_ujjwalesri on Jan 23, 2012
    It would be really useful if the Buffer tool has an option to create multiple buffers with a single run i.e. I can specify, say upto three buffer distances and in a single run of the tool I can creates three different buffer FCs (for the same source FC, of course)...instead of the current process of running the same tool n times for creating n different buffers (as separate FCs).