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Tool - Cable jacket stripper

Cable jacket stripper 

Universal Cable Jacket Stripper [HT-352] .  Used to strip the outer plastic sheath from Cat-5/Cat-6 wire.

Available for about $5.

http://www.monoprice.com/products/product.asp?c_id=105&cp_id=10509&cs_id=1050903&p_id=3354&seq=1&format=2