yet another +1 for the venerable SAK. my first knife was my dad's old Spartan, from which i get my indoctrinating closed-on-the-finger scar. Haven't seen that knife in years; no idea where i lost it. then a few years ago i got a Climber from TJ-Maxx. last Christmas i got a Classic for my sister, and liked it so well that i went out and got one for myself. most recently i got a Minichamp to replace the Classic on my keychain.
whatever cool new toy i get, i find myself gravitating back to a Victorinox for EDC. great edge-retention, superb fit and finish, and friendly red color just scream "HOLD ME!"
Now i'm drooling over the Swisstool X for the full assortment of closed-accessible tools. love my Wave, but as i'm using the tools more often i'm wishing they were all accessible in the closed position.