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Today's project involves using a piece of tool steel to create a forming tool. The narrator acknowledges that the workholding setup isn't ideal but takes precautions to work safely. They opt for a 3/8 inch four flute rougher cutter and use a tapered end mill to add relief to the cutting edge. By cutting the forming tool upside down, they are able to achieve the desired shape and relief. To prevent the tool from bouncing around, a support block is cut out of aluminum to keep it stable.