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I did some research recently, to try to work out just exactly where they come from, as I've had different people tell me different things over the years. I have a good friend who was an engineer in the Army Reserve, who called it a "sapper knife".
[edit: a different friend, with 2 years as active an ADF Engineer told me on the weekend he's never heard them called "sappers knives" and only ever referred to them as "clasp knives". Primary Source FTW]
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The broad blade with its sheepfoot pattern, with a long flat edge that I've always been able to keep very sharp is paired with a hefty and deep biting can-opener / bottle opener. No can of beans, paint or Nuka Cola is safe.
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Some surface pitting and a slight bend to the tip of the spike is the only evidence of its hard life. The shackle at the end has kept it dummy-corded to pants for longer than I care to remember, and the only other significant wear and tear evident is some slight bending to the shackle and some dents to the screw-driver end that sits between the blade and can-opener.
This is an exceptionally simple, hardy and useful tool, especially for anyone who deals with rope and cord on a regular basis.