Hey smartphone makers, if you're listening: Let me set an alternate PIN that unlocks the phone in a limited access mode, or "kid mode." Only pre-approved apps are available. Only pre-approved contacts can be called/texted. In-game purchases require the more secure PIN. Maybe when the phone is in this mode I can track its location easily, and make it emit a noise. The maximum volume is much lower than normal. A lockout timer auto-locks the phone after X minutes. If the battery dips below 20%, only the voice calling, texting, and tracking will work. Bandwidth caps. Et cetera.
This would also be nice if I ever have to lend my device to a stranger. Smartphone OS makers should be embarrassed that this feature doesn't already exist.