Well, the personal part serves better to explain the range of opinions on the kits <img src="images/graemlins/wink.gif" alt="" />. The pocket size is what makes it feasible to have it on you all the time (for me it was also a reason to have different kits). So I guess you´re right with your interpretation for that acronym (and you have a source prove it).
_________________________
If it isn´t broken, it doesn´t have enough features yet.