The entire pencil is not an actual pencil, it's just the tip that's actually the liner, so I guess you really aren't getting that much product. It feels very dry when you try putting it on instead of smooth and creamy. You don't get that much pigment of off it. However, it does seem to work pretty well for waterline
(I got it in 932 dark brown)

Didn't smudge and was a great price.