Thanks for the replies everyone. I appreciate it. I do have a compass/whistle/thermometer/magnifying glass that I can add, but I keep that on my belt.

For more references on weaving 550 cord, try these out:
Keychain: http://armyadvice.org/blogs/armysteve/articles/9736.aspx

Braclet: http://www.bns-code.org/?view=pages&id=4

Belt: http://www.slatts.fsworld.co.uk/slatts-knot.htm#marker1

I'm working on a better version of this belt right now. Should be pretty good.

Wildman's warnings are very true.