Disclosed herein is a tool bit comprising a shank including a cylindrical base portion having an axis and a diameter, an elongated end portion of generally cylindrical shape and having an axis extending coaxially with the axis of the base portion, a diameter less than the diameter of the base portion, and an outer cylindrical periphery, which shank end portion includes therein a recess extending lengthwise of the end portion and being of right angle shape in a cross-section extending transversel...