[Challenge-Solved] I have actually used a couple variants of this thing

It's a metal band tensioner and cutter. Usually used to secure something to a post that you have no intention of removing for the foreseeable future.

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That looks like a band-it strap puller/tightener.

I forget what the actual name is, but it can latch onto a metal strip and pull it tight around some digs to keep boxes and canisters in place, or to hold a strong back repair plate on a damaged pipe
- We have a winner.
  
  Im sure they have a real name but if you asked anyone who knows what it is for the "metal band tightener/cutter" they would know what you meant.
  
  I'm telling you, it is hard to stump these people.
I don't know the name, but it's a tool to tighten a steel band.
- Correct but beaten slightly to the punch by the other guy.
Is it a nut splitter, to help remove a nut that has seized to the bolt threads?
- It is not.
  
  Aww, nuts.
Wild guess: a tool for manually shaping iron rods or rebar?
- Negative Wilco Rodger.

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