I'm pretty sure that is a cable puller. And as the names state, it is used to pull cables more efficiently. They are pretty used nowadays because I've got multiple people and companies come in the repair shop that I own and ask for them. I currently bought 200 pieced and introduced them into the software database created by Auto Repair Shop Management Software | Autoleap. When people come in and ask for it, I'll know what to give them. Meanwhile, it is funny how many people have seen this instrument in their dad collection but don't really know what they are. In conclusion, I might state that most dads are the same.