I got this sheath along with my Wave last year some time. It has seen some very serious use and has served me pretty well. I tend to keep my plier in the open and ready position so the hole on the bottom is blown out.
I keep 2 bit cards, a razor blade, safety pin, and my Wave in this sheath. I don't know if this is the average time this type sheath should last so thanks for the good times and off to the trash heap.