I've been using this simple $20.00 knife from West Marine.
WEST MARINE Stainless-Steel Serrated Rigging Knife at West Marine
I tend to carry it in an iPod-type case on my left bicep so it's out of the way, yet easy to take out and use. Plus having the case there makes me feel like a secret agent or "double-naught" spy. (Let's see who can get that
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And straight on 'til morning