Very nice. :thumbup: Scott's little PSK will run with the imagination as to how it might fit in the kit or, how it might be sheathed.
I have made several of these PSK sheaths (I have a huge order list for these once the leather shop is back open -- head injury), and the customers seem to like them real well since they can be worn on the belt, around the neck, or simply stashed with your kit. In the elk hide pocket on mine, I keep cordage, pure jute, ferro rod, Fox 40 Micro Whistle, Photon Micro Light, mini sharpener, a couple of hooks, and a sewing needle for repairs. I might even have a couple of greased cotton balls in there, too. A review of the sheath can be found here:
http://outdoors-magazine.com/spip.php?page=print_article&id_article=331