The term 'Crafter's Cutter' is a job description for an XACTO knife, which is a small, sharp cutting tool used for precision cutting and trimming of paper, fabric, and other materials. It is often used by crafters and hobbyists to create intricate designs and shapes. The XACTO knife is a versatile tool that can be used for a variety of tasks, from cutting out stencils to trimming photographs.