I carry a Leatherman Wave myself. It is part of my EDC and it goes with me into the woods along with my SAK. Personally, I like it. However, I would like to get one of Doug's knife.

For an emergency situation, the Wave or SAK is fine, but I would like some a bit more robust. Since a Wave typically goes for around $65, I would think that you would be able to find a decent knife in that price range, if you haven't already bought the Wave.

Beyond that, I like the saw on the Wave, the ability to open the blades with one hand, and the pliers. I believe the Wave is what Les Stroud carried with him on his show.