Yes, it does, in an old fashioned way.
When I was a little kid, my dad and my uncles were my del life hero's. This was the group of men who became known as the greatest generation. They came home from a hellacious war, some had hacked a living out of the great depression before that. Yet they were quiet unassuming men, who didn't even want to talk about their experiences during that war. They went on with their lives working as electricians, printers, watermen, mechanics, and in one case a quiet government guy who would never say anything about any of it then or later.
All these man had one thing in common to a little boys observance, they all carried a small pocket knife. We humans learn by observing our elders, and little boys learn that early. I could carry most of wha they did, a small pencil for making a note of some thing, a bandana, a book of matches, a small length of twine. But a pocket knife was that item that had to award when they thought you were ready for it. It was a got of trust by your elders, the they thought that you were ready for being entrusted with a took that you could hurt yourself with if you were careless. The greatest terror in the world was that you would let them down, so when you did nick yourself that first time, you quietly wrapped it up with that bandana and snuck a bandaid out of the medicine cabinet and laid low for a few days until the incriminating would heal dup enough to get by without being noticed.
When that day came, that your dad, or an uncle with dad's permission, granted you that pocket knife, it was much more than a gift. It was a vote of confidence from some elders that had done heroic things like fly a B-17 into combat, or wade ashore at Normandy and walk to Germany lugging an M-1, or survive a hellacious PT boat explosion in the English Channel. It was a unspoken welcome into their ranks, and you tried to live up to their expectations. You learned to act like a man by watching and emulating their behavior. Gary Cooper really said it all when he said "A man's got to do what a man's got to do." in that quiet way. You learned what you had to do, and just do it without making a big deal about it.
So if someone asked me if carrying a pocket knife makes me feel like a man, I think about the men I learned from and what they represented. My old Uncle Mike, who went through life with a face that looked like it was skinned with an ax, yet just went on hauling in crab pots and oyster tongs, or my Uncle Charlie, who got his feet wet on D-day, then made his way to Germany with a couple million other guys and then spent his quiet life running the presses at the government printing office downtown Washington D.C., and I say heck yes. That evening that dad gave me that scout knife, and Uncle Charlie and Uncle Mike, and even Uncle Sonny looked on, and shook my hand after while warning me not to cut my finger off, made me feel like I was brought into their circle. If being a man means being included in that circle, then I'm darn proud to be there. Yes, carrying a pocket knife makes me feel like a man in a very special way. It means being trusted to do the right thing by your elders. It's kind of like a welcome to a bigger world, one that has responsibilities, and a job to do. A sometimes to do that job, a small sharp knife is needed.