Dreams dictionary: Pencil
Dreams dictionary: Interpretation 1
To see a pencil in your dream indicates that you are making a temporary impact in a situation. It may also suggest that a relationship will not last long.
Dreams dictionary: Interpretation 2
To dream that you are sharpening a pencil suggests that you need to be more flexible in your way of thinking. Listen to what others have to say; don't be so quick to reject their views and opinions. Alternatively, to sharpen a pencil means that you need to make your best offer in some business deal. Perhaps the dream is trying to offer you some professional advice on how to close a deal.
Dreams dictionary: Interpretation 3
To dream that you have pencil lead stuck in your fingers implies that you need to start putting your words into action.
Dreams dictionary: Miller Dream Interpretation
To dream of pencils, denotes favorable occupations. For a young woman to write with one, foretells she will be fortunate in marriage, if she does not rub out words; in that case, she will be disappointed in her lover.