This eyelet setting tool works for applying very small eyelets with a hammer. It will work with 1/16", 1/8" and 5/32" eyelets (size #00000, #0000 and #000 -- we only carry the latter two).
It includes three bits -- a pre-hole starter bit and two setting bits that screw in the handle.
It does not include an "anvil" so you'll want to hammer them on a firm surface or place a piece of scrap wood beneath.