Hi wmc1982 -
I have the SOG Flash 1, and mine does have the rattling and blade play, and I too have snagged the clip on a couch cushion of all things, which bent it. The clip was easily returned to it's original bend by removing and tweaking it back with pliers. The knife takes a great edge, and holds up ok for the small stuff I use the knife for, i.e. opening packages, trimming, cutting line etc.
The knife is smaller than most of the knives I have, and it was a gift to me from a very good friend.
I normally take this knife with me when I go into Chicago due to the size limit rules up there.
I enjoy the knife, and it has not given me any trouble except for that clip incident.
I would recommend to anyone considering a Flash 1 that they look at the slightly larger Kershaw Leek, or even better, the Kershaw Skyline. The Leek is assisted opening with a slender and pointy modified wharncliffe blade. The Skyline is a flipper with a thicker, sturdier spear-point blade and G10 handles.
Either knife can be found well under $40, and the skyline can be had for under $30 delivered. I find either knife to outshine the SOG in quality of build and overall feel.
Kershaw also make several other models in the same price range, both assisted and non-assisted (Zing, Mini-Cyclone etc.)
I always carry a SAK Waiter model in my left front pocket. That is a great little knife with a bottle opener, screwdriver/bottle/can opener and a spear-point blade, good useable tweezers and a toothpick. It is a quality knife that can be had for $12 on amazon last time I looked.
The Buck 110 is an awesome knife with great build quality and old-school looks; in fact, it is the design that made "the look". I prefer the smaller Buck 112 - it is otherwise identical to the 110, just a little smaller. Both are heavy by today's standards. The 112 is a little more expensive new, but either can be found on the bay for under $30. Buck also makes an assisted opening folder with pocket clip called the Sirus which can be found for $30 on the web specials on the Buck web site - it is a sturdy little liner lock and is made in USA as well.
There are many, MANY options out there for the enthusiast that has a $30 budget. It's a great time to have the "problem" of picking one out.
best regards -
mqqn