This tool is an essential in punching holes for brads and setting eyelets. It's noisy, but quick, easy, and efficient. The tips are magnetic and change in a flash. The storage tin has a place for each tip. Additional tips for slot punches can also be purchased separately and are wonderful for threading ribbons through the paper or cardstock. These extra tips will also fit inside the storage tin, so that all the tips stay conveniently with the tool.