Pretty much anything except paper, tape, hair, and other various little things. If you cut anything medium duty, that edge is gone in one cut.
I find tape to be a terrible edge killer. Once the gunk is gone the edge is back, but cleaning it takes longer than sharpening in some cases.
I'll have to try that one cut thing. About a year ago I tested my Schrade Peanut and it could still shave hair after over 100 cuts through sheet aluminum (soda cans). I actually ran out of cans in a 6 pack of Mountain Dew and suspended testing for lack of material. I did not test the edge after one cut though, and not to the standard of whittling hair.