Welcome to MT.o!
Most of the time on the budget multitools, the tool descriptions are more optimistic than the tool itself. It will need to be sharpened with a file to be able to strip wire.
Especially in the early 2000s, budget MT makers were sometimes deceptive about the real-world function of an MT.
Hope that helps, and again, welcome aboard MT.o.
Edit: that looks like a golf tee tool, but who knows? Maybe someone else is familiar with that tool?
« Last Edit: November 27, 2018, 03:20:49 AM by gerleatherberman »
Main collections: SOG, Gerber, Leatherman, Victorinox. Also lots of cheap & cheerful tools.