There are 2 files here, one is the program with an installer, the other is standalone.

ORIGINAL DESCRIPTION:

A powerful metafile editor for clip art and more…

    Customize your clip art – Change colors, patterns, line thicknesses and fonts. Use the drawing tools to add new objects and text. Objects can be flipped and made opaque or transparent. Resize the picture. Remove excess white space with the Trim Picture tool.
    Edit graphs, charts or drawings from other Windows applications – Paste a graphic (in Picture format) from the clipboard or import a WMF or EMF file. Change colors, patterns, line thicknesses and fonts. Add new objects and annotation.
    Create new drawings – Metafile Companion is the quick and easy way to whip up any simple drawing. In minutes you can create just what you need, copy it to the clipboard and paste it into another application. Or save it on disk for future use.