I bought a bottle of Titebond II almost three years ago and have built two dressers, one cabinet and almost 50 rockets so far. There is still about two oz. left. All this for less than $10.
I don't know what the cost of the hot glue is but if you don't have the gun already, I believe the Titebond would be the better choice. Except for the plastic to plastic bond, I have not found much this stuff will not hold together!

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Geoffrey

NAR 85416 L3 as of 4/2010

"There is never enough rope to do the job but it is always long enough to hang yourself up with problems"