Did you actually try and shoot this kind of slingshot.
I think the mechanics are not really in your favor. The multitool lacks the size for good leverage for the use of rubber with substancial strength.
Apart from that hitting with a slingshot requires a fair amount of practice. I would not take the stuff with me unless I could consitently hit a tennis ball from at least 15 yards.
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If it isnīt broken, it doesnīt have enough features yet.