A collet for connecting a tool to a driver includes a shaft having an end. The collet includes a body including a first end that connects to the driver and a second end having an internal space partially defined by a frustoconical bore and a plurality of jaws disposed within the space. Each of the jaws includes a body having a frustoconical surface arranged to engage the frustoconical bore and an engagement member coupled to each body to move between an unlocked and a locked position. Rotation of the tool about the axis in a first direction biases the engagement member toward the unlocked position to allow movement of the tool with respect to the jaws, and rotation of the tool about the axis in a second direction opposite the first direction biases the engagement member toward the locked position wherein the tool is fixed with respect to the jaws.