Use 7261 for a bandana: Tying the legs of a ladder together so that it doesn't trap your fingers when your carrying it.
On a more serious note: It's probably one of the most useful items you can and should E.D.C.
550 cord.
Electricians tape.
Duct tape.
Swiss army knife (with saw).
Multi-tool.
L.E.D. torch.
Disposable lighter.
Cell phone.
Bandana.
Zip ties, paper clips, a couple of nails, bolts, and wire can also be quite useful.