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Although a little expensive at $20, I think the Stila Waterproof Eyeliner is a good investment for everyday use. It doesn`t flake, chip, or smudge, even if you scratch your eyes. It`s fairly easy to remove with any eye makeup remover.
It has a pointy felt tip, and as I`ve seen, over time it isn`t as pointed but it keeps it shape a lot better than most felt tip liners. It only takes a few seconds to dry, which is also convenient if you don`t have much time in the morning, or running late.