Mongo,
The sheath that comes withe the Laredo Bowie is the traditional belt stud sheath that slips behind the belt or IWB, with the stud preventing the knife and sheath from slipping below belt level. It appears to be the same manufacture as the sheath that comes with the Ontario Bagwells. This is an excellent way to carry a big knife, as it can be placed in a variety of positions and angles, with the added benefit of being easy on/off. I first became aquainted with this carry when I met Bill Bagwell, and after using this type of sheath for a number of years, I'm quite surprised that more big knives are not sheathed this way. Supremely comfortable, this form of carry is one of those things that you have to experience before you can truely appreciate it. I call my version "the Southern Comfort".