Fiskars unique Tag Maker with Built-in Eyelet Setter features an innovative design that makes it easy to create tags perfect for gift and other crafts in three quick, simple steps. Simply insert your paper into the large slot and depress the lever to punch a classic tag shape. Next, insert the punched-out tag into the small slot and punch again - the tag hole will be perfectly centered every time. To complete your gift tag, simply slip the tag hole over the peg on the back of the punch, drop the eyelet in and depress the handle one more time. The eyelet will be precisely set with no noisy hammering. This new system is so easy to use, you'll never have to waste craft materials and start over again because of a misaligned tag hole or an improperly set eyelet.