Toys of the Seventies, Chip Away
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What you got with the Chip Away toy was a mallet and a chisel, and a block of "stone" which was really wax (I think) molded around a solid, plastic "statue." The conceit was you would use the little mallet and chisel to "sculpt" the "statue." What you were *really* doing was knocking the wax off piece by piece until the plastic model underneath was revealed. The set came complete with everything you needed. Unfortunately, I only remember one of the Chip Away figurines, which was a horse rearing up on its hind legs.
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