This is a cool idea from 686 , a snowboard gear company. (The website stupidly requires flash for any images.)

Basically it's a typical belt, but all the usual metal parts have additional tools/functionality built into it. We were checking it out at work today and mentioned it to another friend, and he happened to be wearing one. The tools are more specific to snowboards and the common fasteners you find there, but it does have a built in bottle opener just in case one hobby is getting drunk (which turns out to not be a cheap hobby, but what is?).

J