That pinhole you never noticed
Why Do Padlocks Have a Tiny Hole in the Bottom?
The tiny hole under a padlock is not a secret key slot. It lets water drain out so the lock is less likely to rust and jam.
Quick answer
That hole is a drain hole — also called a weep hole. Padlocks used outdoors on gates, sheds, and fences are constantly exposed to rain. Without a way out, water sits inside the lock body and rusts the internal pins, springs, and tumblers until the lock jams or fails completely. In freezing weather, trapped water expands as ice and can crack the mechanism. The hole lets water drain out before any of that happens. As a bonus: you can squeeze a few drops of lubricant into it to revive a stiff or stuck lock.

Official name
Drain hole or weep hole
Primary job
Drain water to prevent rust
Secondary job
Lubrication port
On every padlock?
No — mainly outdoor types
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