While the "Living Dead Dolls Sadie Pencil Sharpener" is indeed the cat's whiskers, I have another reason for posting it: It was found on a blog named "The Art of Sharpening Pencils", by Matthew James Taylor.
There you will find pointed debate (ahem) on the Standard Point ("Everyone knows about this one"), the Chisel Point (rare and difficult to master), the Needle Point (esoteric and, frankly, ridiculous), and the Bullet Point, which was invented by Taylor himself.
I'm certain that our Moleskine toting readers have already hit the link and are learning new ways to hone their graphite tips. For those still here, however, the rundown on the scary baby head above:
When done, press a button on the back of the head and the shavings are expelled via the doll's mouth. $8, but sold out right now.
The Art of Sharpening Pencils [Matthew James Taylor]
Product page [Gundam Store and More via BoingBoing]