I love crafts and scrapbooking and I am always looking for tools that are fun to use and work well too.
For Christmas Santa brought me the Martha Stewart Screw Punch which is made by EK Sucess. It comes in a really pretty box that you store the punch to keep it safe and also looks great on display in your craft space too. This punch is used to punch holes in everything from paper to thin metal and can be used anywhere on the item since it is a handheld tool. With a tradtional hole punch, you are limited to how and where you can punch a hole because the item you are punching has to fit in the groove of the punch.
I had another anywhere hole punch but it was a piece of metal with different tips and you had to strike it with a hammer to punch the hole. It was noisey and it limited me to what projects I could work on at night after everyone had gone to sleep. This punch has a wide soft grip handle that you hold on to and press down. When you press down, a piece of metal that looks like a large drill bit turns and punches the hole for you. I find that it works best if I am standing over it rather than using it while sitting especially if I am going through several sheets of paper or cardstock. Also, you do have to make sure you are holding the paper with your free hand or it will move on you. It comes with 3 easy to screw in heads so can punch 3 different size holes. The very top of the handle opens up and the extra heads get stored in there so they will not get lost.
I have actually used this tool many times since I got it and compared to a tradtional hole puch where space was limited and the hammer one which was noisey, this one wins hands down.
Update On Jul 01, 2010: MarthaStewart.com has some great ideas on how to use tools like the screw punch right on the site with complete instructions and templates if needed that you can download. This is one I am planning on trying this year with this punch for punched snowflake hurricanes.