The picture on this product isn't correct - I think this is a relatively new/reformulated/repackaged product for Rimmel's line. It is an automatic twist-up pencil with a generic black smudger on the bottom end. The smudger has a clear cap, but the entire smudger actually pops out to with a sharpener to sharpen the tip of the retractable liner - much like the Physician's Formula ones do. I haven't yet used this feature on it, so can't speak to how effective the sharpener is. I bought the shades Noir and In the Nude, and I use the nude one everyday on my waterline. I used to use the Rimmel ScandalEyes one, which was a pencil that needed sharpening, and I'm so lazy, I never sharpen, and would always cut my waterline on the wood (ouch!!). So when I saw this next to the ScandalEyes, I immediately picked this up over it. GREAT choice. This is retractable, so I never scratch my eyes, and it actually holds up better and longer and more full color than the ScandalEyes did for me. They also give you so much product, I've used it every day for probably 6-8 months now, and it's only maybe halfway gone. I don't use the black one nearly as much, because I hate the way black looks in my waterline, and prefer to line my top lash line with liquid, but it's also a great formula and very black. I would HIGHLY HIGHLY HIGHLY recommend these eyeliners - they are my favorite pencil liner, whether you're looking for a black, brown, or nude, this line is your best bet. Again, not sure if this product is technically correct, but these eyeliners are AWESOME. Go buy one or the whole collection.
**EDIT: I've been realizing how good this one wears lately: It is better than the Urban Decay 24/7 liners! I've been experimenting with using black in my waterline lately instead of my typical nude (which you can't really tell much when that wears off) - this black holds up much better than my Urban Decay. My UD one runs right out of my waterline and down my cheek! This one DOES NOT do that. This is a great liner!!!!!