Of coarse cutting the slot for gaurds but there are more.. Fly-cutting damascus scale, squaring and reducing thickness of damascus bar stock, drilling, taking off metal from an integral, dovetailing bolsters and handle materials, cutting the slot in the liner (with dremel cut off disks), drilling for the detent ball, surfacing wood, bone and ivory, jeweling the inside of the liners, (The cross vise helps in alot of these procedures) Milling for inlays, cutting the blood groove on dagger blades, milling damascus sections for mosaic damascus or multi-bar damascus. finger grooves, staggered saw teeth on the back of survival blades, making one-piece bolster/liner folders, Drilling holes in a straight line, precision boring and reaming pivot bushings ect. ect. I realize a good drill press will do some of these things well but a good drill press is about the same price as my elcheapo mill. Ive said it before that the mill isnt the final investment. The accessaries cost quite abit but this is how I spend my knife profits. I remember when my profit from a sale barely paid for a whopper at burger-king.