I guess I left this thread hanging...
I ended getting a Victorinox Hiker for him. Has a classic (albeit different than the BSA knives of old) design to it, as well as the classic tool set of the BSA knives, plus a couple of extra tools. The price was certainly right, as I didn't want something that cost too much, only to be abused, broken, or lost (which is how I used to treat such things at a younger age). Anyway, it's kind of a cool design, and the shipped price was $24 (Amazon). Of course, since I have a problem that needs a 12 step program, I ended up buying a Victorinox Cadet and then an Adventurer for myself. The Cadet is a really neat little design that I added a pocket clip to the keychain so I can carry it in my left pocket (where it pretty much disappears).
I'm now debating on getting a Pioneer X or Farmer X, as well as picking up a Hiker for myself. Sheesh, I really need some help...