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That is known as a loom strop. You can turn the handle clockwise to tighten the strop. The one side is treated in your case with what looks like a red paste which will sharpen more aggressively then...

Welcome to SRP Ricky. I am don''t know that I can answer your question but I do have a suggestion. Read this post here and try to shave as described in the post. The SRP Wiki has tutorials on pre...