A fruit and vegetable peeler and carving tool has a handle with a first side and second side extension extending from the front of the handle. Each side extension has a forward lever which is positionably affixed at a forward vertical plurality of lever affixment position, and a rear lever which is positionably affixed at a rear horizontal plurality of lever affixment position. The forward lever and the rear lever of each side are connected together in parallel with a depth adjustment rod is connected between them. A triangular handle-facing fruit and vegetable peeling and carving blade has a convex upper surface and a concave lower surface. By drawing the fruit and vegetable peeler and carving tool into a fruit or vegetable, the triangular handle-facing fruit and vegetable peeling and carving blade cuts into the fruit or vegetable to a depth controlled by the position of the depth adjustment rod.