The steel hilt of a blade. It has no value nor a proper use other than it can be thrown as a distraction. This and other junk items (see Doorknob, Lever Handle, Gear) can be made using the Smelting Cauldron in St. Tennor's in Return to the Cathedral.
A limitless supply of sword hilts is produced in Soulforge Cathedral falling from a conveyor belt into a pool of lava.