The phrase "two edged swords" refers to a situation, decision, or action that has both positive and negative consequences. It's a phrase often used to describe things that are double-edged or two-faced in nature. Other synonyms for "two edged swords" include "mixed blessings," "double whammy," "dilemma," "Catch-22," "pros and cons," "double-barrelled," and "Janus-faced." Each of these expressions captures the complex nature of situations that are both positive and negative at the same time. It is essential to weigh up the pros and cons of any situation before taking action.