It's a multitool!
That has a really good cool aspect to it. when in the sheath the other end could of been used as a tool but guess it's too late for that. it also offers a low profile look if you need to carry a defensive weapon and wear a tool belt for a living, it would blend in nicely with the real tools, just know which one to whip out if it comes down to that.
I like version 2.0 with the paracord. Have you thought of a name yet?