I like the fingernail test,,, learned this from Tony Sanders and its pretty accurate for testing how sharp something is,,, cutting of hair is cool but honestly I have some broadheads that I think are dull that will cut hair!
my father would test the edge right on the middle of his thumb and he'd feel the edge sticking while he ran his thumb lightly across it and that meant sharp,, he has iron worker hands though with alot of calouses (sp)..
I'll try to explain my way but hold the edge of your broadhead or knife I think 20-30 degrees and try to slide it down the back of your fingernail (where the fingernail polish would go if you where a girl or maybe a guy from the Fenway area here in Boston) thumbnail it should stick or try to cut into the nail AND not just scrape down--> if it slides at all its dull and then try the point edge and back edge and so on.