TOPIC: Can you configure a flash drive to a Xbox360, then

Can you configure a flash drive to a Xbox360, then re-configure it to a computer later?
I want to configure a flash drive to my Xbox360 to mod my gamertag, but do not want to use up all of the memory on the flash drive because I am only borrowing the flash drive. Is there any way to configure the flash drive to my Xbox, then re-configure it to my computer?

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