I think that's the key with paracord, the strength to size/weight ratio versus other ropes or cords and the variety of ways in which it can be used.

I've used paracord for tying up tarps for shelter, as a replacement shoelace, a bowstring (hunting bow and fire bow), a sling, for lifting objects as mentioned previously (especially to bearproof my food supply).

I read in a survival story about a someone making a pair of snowshoes out of paracord and wound willow twigs as a frame...

It's good stuff.

I sometimes carry a 20' length (I really should do it all the time) and have a 100' length in my BOB and Hiking/Camping Backpack.