Abstract: A combination precision knife and blade dispenser having a handle portion configured to receive a blade and a dispenser. The dispenser is configured to support at least one blade in a new blade portion thereof. The dispenser further has a used blade portion configured to support at least one blade therein, where a user, manipulates the handle portion and engages a base of the at least one blade therein, and where in order to dispose of the blade, the user inserts the blade into the dispenser and disengages the base of the blade from the handle portion such that at no time does a user need to touch an edge portion of the blade.