Light the candles. Set the incense smoking. Cast a circle, if you see fit. Place the tool on the pentacle, or upon a plate of salt. Touch it with the point of your athame (or your projective hand) and say:
"I consecrate you, Oh knife of steel (or wand of wood, etc.) to cleanse and purify you to serve me upon the Sacred Path of the Wise. In the names of the Mother Goddess and Father God (or use your own Deities' names here), you are consecrated."
Send projective energy into the tool, cleansing it of all negativity and past associations. Now, pick it up and sprinkle it with salt, pass it through the incense smoke and through the candle flame, and sprinkle it with water, calling upon the Elements to consecrate it.
Then, hold the tool to the sky, saying:
"I charge you by the Old Ones: By the omnipotent Goddess and God; By the virtues of the Sun, Moon and Stars; By the powers of the Earth, Air, Fire and Water, that I shall work the magick of the Craft through you. Charge this by your power, Old Ones!"
The tool should immediately be put to use to strengthen and bind the consecration. For example, the athame can be used to consecrate another tool; a wand used to invoke the Goddess; the pentacle used to act as a resting place for a tool during its consecration.
Book of Shadows © 2001, Dana (Huntress of the Dark)