Yeah it's called a dual purpose tool
No it's called drug paraphernalia and if you're in high school using a pair of them to crimp ignition wires together, YOU GET A WEEK OF DETENTION.
They still aren't sure how someone managed to do a burnout 3ft up the back wall at that school, it happened some time in the night and there were no witnesses.
I have a sneaking suspicion that someone was using an Atlas II transfer case with dual sticks.