Abstract: A cutting tool configured to cut packaging. The tool includes a handle and a blade having a cutting portion. The blade is affixed to the handle with the cutting portion extending outwardly from the handle. The cutting portion of the blade resides inside a retractable sheath that is movable between a blade guarding position and a blade exposing position. The sheath is coupled to the handle by a biasing assembly that biases the sheath into the blade guarding position whereat the cutting portion of the blade is received completely inside the sheath. The sheath retracts to the blade exposing position when the sheath is pressed against the packaging with sufficient force to overcome the biasing force applied thereto by the biasing assembly. When the sheath is retracted, the cutting portion of the blade is placed into contact with the packaging against which the sheath is pressed.