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I close it similar to what 42 said, I grasp the thumbstuds between the knuckle of my thumb and the first knuckle of the index finger. I differ in that I grasp the lanyard palm down with three fingers while grasping the butt of the handle with my thumb and index finger, along the sides and out of the way of the blade of course. I find this helps control the knife instead of having it "floating" by the lanyard at the butt end