The term LIFEBOAT TOOL consists of two words, OAR and DAVIT. An OAR is a long pole with a flat blade at one end, used to row or steer a boat. It is an essential tool for lifeboats, as it is used to propel the boat forward. A DAVIT is a crane-like device used to lower and raise boats from the water. It is also an important tool for lifeboats, as it allows them to be safely launched and retrieved from the water.