The Washer and Gasket Cutter makes instantaneous and precise gaskets from a variety of materials, including leather, rubber, cork, graphite, copper and other soft materials. The cutter features two adjustable blades for making inner and outer diameter cuts, and has marked graduations on the shaft for accurate measurements. The shank has been designed with a round shaft and a square end to fit both a bit brace and a hand drill. This tool is demonstrably advantageous for auto mechanics, plumbers, wood workers and HVAC professionals.