Milwaukee Tool's Fastback II Utility Knife and several Utility Blades for use with the knife includes features of the Original Fastback Utility Knife, with the addition of magnetic blade storage that folds into the handle for maximum accessibility. Designed to activate the blade three times faster than a two-handed opening, the knife features a press and flip-one handed blade opening for easy activation. In addition, a tool free blade change allows for fast and efficient adjustments, while a thin body design makes it easy for a user to store the knife in their pocket. The magnetic blade storage will hold one spare blade at a time to keep the profile of the blade as slim as possible.