When I was a kid I had this exact type of toy lathe. What time takes, eBay returns. I used mine so much it cracked in many places: I glued it back together more times than I can remember. Despite definitely being a toy, it worked, and I was able to make many small wooden toys, handles, candlesticks, and so no. This is the lathe on which I first learned to cut free rings.
Location: Box 53
Have you used this tool? Think my description is all wrong? Have a better example? Comment now with any thoughts you have about this tool!