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I've been thinking about buying one of these but I don't know if they are just a gimmick. Also, if they genuinely work well how good do your bits need to be in the first place to be worth sharpening?

Instead of pulling out that pocket knife for some swish-swish sharpening, stick this contraption onto an electric drill and sharpen away. Such is the joy and fun of this new drill sharpener from C.H.