Abstract: A utility knife comprising, in combination, a handle having a first handle portion and a second handle portion and coupling means to releasably join together the handle portions so as to be readily grasped by an operator during use, a central plane extending longitudinally through the handle and defining on opposite sides thereof a first blade-receiving chamber in the first handle portion for receiving a first blade holder and a second blade-receiving chamber in the second handle portion for receiving a second blade holder; and a first blade holder located in the first handle portion for supporting a first blade and a second blade holder located in the second handle portion for supporting a second blade, the blade holders being independently reciprocable in planes parallel with the central plane but on opposite sides thereof, each blade holder having an individual actuator extending to exterior of the handle whereby an operator may move either blade holder or both between a retracted inoperative orientation w