A handheld topical applicator. The handheld topical applicator is preferably adapted to release a precise amount of liquid onto a surface and is preferably used for various applications such as marking a surface and/or providing a proper amount of dosage for medicinal applications. The handheld topical applicator may comprise a liquid delivery system for dispensing a precise amount of liquid onto various surfaces, a projecting/retracting mechanism, and an audible and/or tactile physical feedback mechanism. The projecting/retracting mechanism may controllably retract or protrude a nib into and out of the housing, and the audible/physical feedback mechanism may provide either a physical and/or audible click once a desired amount of liquid transfers onto the surface.