The term 'Handy Tool' can refer to two different tools: a PENKNIFE and a puttyknife. A PENKNIFE is a small pocket knife with a blade that folds into the handle. It is often used for cutting paper, trimming fingernails, or opening packages. A puttyknife is a tool used for scraping, spreading, and shaping putty or other materials. It is also used for removing paint, wallpaper, and other adhesives. Both of these tools are useful for a variety of tasks and can be kept in a pocket or toolbox for easy access.