Will

For interactive editing, the keybind alt+. inserts the last argument from the previous command. Using this instead of $_ has the potential to make your shell history a little more explicit. (vim $_ isn’t as likely to work a few commands later, but vim actual_file.sh might)

https://atuin.sh/ does one better. history with context: $PWD, $HOST, time. There’s a bunch of other bells and whistles, but they’re easy to ignore to get an noninvasive upgrade to ctrl+R