Take a piece of suitably-sized drill rod and harden the end and grind a knife edge and you've got a useful and safe retractable mini-knife for opening stubborn packages, clipping coupons, whatever.
Drill out the button used to expose/hide the knife blade, glue in a small magnet, and you've got an always-in-your-pocket for spotting those big-box store Chinese brass screws as brass-plated steel.

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