Knife - Fallkniven PXL Folder. Gorgeous knife but probably to nice to actually EDC.

Flashlight - Lots of high quality flashlights out there but I EDC a Fenix P1D CE Premium Cree Q5. For AA cell use I also like the TANK007 TK-506 Stainless Steel Flashlight from Dealextreme. The Fenix LOD-CE is very good as well if you can live with the inherent weakness of AAA cells.

Compass - Francis Barker Model 1605 NATO Survival Compass or Silva SERE 40 Luminous or if a full size compass is required the British Army M73 Prismatic compass NSN: 6605-99-960-0789

Lighter - I'm still on the hunt for the ultimate reliable windproof lighter. Best so far I've found is the Oubo Lighter from Dealextreme,

http://www.dealextreme.com/details.dx/sku.16699

but it is not waterproof so something like the Brunton Firestorm will just have to do.

Watch - Luminox 3604

Pen - Timberline Tactical LCP laugh