The V20* Drywall Cut-Out Tool features a tool-free bit change system that makes changing bits and collets quick and easy, without the need for a wrench. The tool's compatibility with a 1/8", 5/32", and 1/4" collet sizes provides the user with the tool versatility needed to complete various tool applications. The tool features an adjustable and removable depth gauge that helps ensure consistent, proper cutting depth. An LED light helps illuminate work surfaces and improve visibility in dark conditions without casting a shadow over the bit.