Here at the Geekery, we think we've found a good compromise. Our new GREEN MIDGET pocket-sized tool is extremely high quality, yet compact, and inexpensive. It has a FIVE-YEAR unlimited warranty, but the price is so low, you won't cry if you lose it, or if it gets confiscated before you board a plane.
Blades are polished stainless steel. It has a really good spring-loaded long-nose pliers, with internal gripping ridges and wire cutting blades; straight and phillips screwdrivers, a serrated saw, a sharp pointy knife, a mini LED flashlight, and a bottle opener. That's eight functions (or even nine if you count the key ring, or ten if you use it as a book mark, or eleven if you use the pouch to stash stuff).
It's a great tool that can get you out of jams, impress babes, and even cut sheetrock and remove olives from martinis. Buy one for your pocket, and for every vehicle and desk you use.