A three-in-one combination laminating tool configured in form of an elongate handle having a first end and an opposite second end, a freely-rotatable roller supported at the first end of the handle, and a relatively narrow blade-like laminate edge presser supported at the opposite second end of the handle. The first end of the handle comprises a generally U-shaped yoke having a pair of spaced-apart arms for rotatably supporting the roller therebetween. The tool allows carpenters, cabinetmakers, and other users the convenience of one hand operation in applying pressure to the entire surface of a plastic laminate or wood veneer. Specifically, an evenly distributed pressure is applied via the relatively large roller to the large easily accessible surface areas of the laminate, and via the narrow blade-like laminate edge presser to those typically inaccessible surface areas of the laminate, such as corners, edges or butt joints. Preferably, the tool further includes a relatively broad blade-like veneer presser, releasably mountable to the second end of the handle, for applying pressure to delicate and thin wood veneers.