You can clip it to your backpack and attach the key to the magnet so you dont have to worry about finding the key when you open the door.
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You can clip it to your pocket and attach any nails, screws, etc. you need to the magnet so you can do more things with your hands.
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You can use it as a billiard chalk holder. You dont have to worry about getting your hands dirty when using chalk. It is easy to carry and use and not easy to lose.
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