Are you talking about the Martha Stewart one for $5? Yeah, does not work at all!!! I was SO excited when I saw it I thought hey i'll try it and if it doesn't work I will take it back. Well, after a couple hole "punches" it broke or maybe I should say bent in half so it was not useable anymore or returnable! Live and learn I guess. Good thing it was only $5. I'm going to order the one from HG now.
My advice... Don't buy this to punch holes in bottle caps!