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It's a Flanger, and a 7/32" Punch, in one handy pneumatic tool
Double-action head swivels to let you create flanges and holes from any angle with just a squeeze of the handle.
2-in-1 pneumatic tool saves space in your metalworking toolbox! One side of the double-action head produces 0.040" offset flanges on 20-gauge metal or thinner for clean welding with little grinding. The other side produces perfectly clean 7/32"-diameter holes that are ideal for plug welding; punches holes 1/4" from the panel edge in up to 16-gauge. Unique swivel-head design lets you work from almost any angle.