Of course this would be possible, and there would be a forgetton of models and animations.
/supprot!1!1!
Don't be a friend, this is a legitimate request and makes perfect amount of sense.
Imo, I think it would be cool to have a Blockland styled swiss army knife that when right click switches through the default tool's, eg: right click and the hammer pulling out animation plays and you have the hammer tool.
Wrench, Hammer, Printer, Wand