It's a toy, but does have a blade you can take off (like one in a pencil sharpener) and sharpen.
You can then use it to chamfer an edge (if you don't already have another plane or a bit of sandpaper) or to sharpen a matchstick. There's no functional adjustment, that's all one moulded lump.
Marx made a range of other miniature tools as well. (And lots of other toys.)
Wow what a large collection of planes =D> !
What is that above the drawknife?
Surprisingly didn't see any chisels.
School of Peter Sellers planing technique, not bearing down on the toe
Wonder what shar*ening regime he uses :wink: