RMS Sample Matchcover - "Knothole/Feature"
A "Knothole" is a cover with a hole designed into it so that
the matches are purposely visible (see example on the left).
Often, this is because the matchbook is also a "Feature,"
where the matches, themselves, have art work on them
(see example on the right). Although most collectors strip
the matches out of covers, Features, for obvious reasons,
are always kept intact. Features were another product of
the Lion Match Co., and they reached their height during
the 1950s. These are highly collectible covers, even to
those not into the hobby.
553 Knotholes were listed as of 2016, and well over 5,000
Features are known.

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