Our Plier Nose Cone is designed to keep those spring-loaded pliers CLOSED so they can be better stored in your toolbox drawers! Now you will be able to organize ALL your pliers on-edge, allowing for more tools to fit in your toolbox drawers....and who doesn't wanna be able to fir more tools!?! Also, these are designed to accept an 8mm neodymium magnet, to help hold the Nose Cone in place.