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Although they have similar applications, spackle and joint compound are not the same. Their primary differences lie in their composition, consistency, and ideal use cases.

Spackle is composed of gypsum and binding agents, making it thicker than joint compound. It dries quickly and is easy to sand, which makes it ideal for small wall repair projects like filling nail holes or patching minor damage.

Joint compound, also known as drywall mud, consists of limestone and gypsum. It is primarily used for large-scale projects, such as taping and finishing the seams on newly installed drywall. It tends to shrink more than spackle and can be more difficult to spread.

While both products can be used to fill small depressions and cracks, spackle cannot replace joint compound for taping and mudding new drywall. Conversely, you can often use joint compound for small patching jobs typically done with spackle.

Plastering and skimming are two different techniques for finishing walls. Plastering involves applying a thick layer of a plaster mixture—typically containing gypsum, lime, cement, sand, and water—to create a new surface. This process often requires multiple coats and is used for repairing significant damage or creating decorative textures. Skimming, on the other hand, is a technique that involves applying a thin layer of drywall compound or joint compound over an existing surface to smooth it out, covering minor imperfections, small cracks, or uneven textures for a polished look. Plastering is generally more costly and labor-intensive than skimming. Although some people use the terms interchangeably, they refer to different processes and materials.

The cost to skim coat drywall is $1.15 to $1.35 per square foot. Most of the cost is labor, for the necessary skills to apply the skim coat with precision using high-quality tools. This is a job better left to the professionals for the best outcomes.

You can technically just paint over hairline cracks in plaster since these cracks are often harmless, but this will mostly be a waste of paint. Paint will only hide the hairline crack for a few months before it shows up again. The best solution is to repair the crack with flexible filler or joint compound before repainting.