This is a "Whammie Doodle". This little ol' time toy is what I have selected to start Zinnia (Flower girl neighbor) with as she learns to whittle. Zinnie is 9 now, and has been asking me to teach her to whittle. Zinnie already has her moms old Swiss Army knife, and is real good at putting points on sticks.
And as you can see here, it works.
Zinnia had a blast, and wants to learn more. In fact as she left she asked me what time I get up in the morning.