Magnetic pickup tool. Used for grabbing dropped bolts or tools. Also great for valve spring changes to grab keepers. 

• Neodymium-Iron-Boron Extra High Flux Magnet.
• Comes with either flex shaft or telescoping shaft.
• Long 21.5" overall reach.
• Lifts up to 1.5 pounds!
• Works great for cam swaps, holding keepers.