According to Bill :
I don't know about Walmart having them (I've never bought there), but my own preference is for the Gerber variant on the folding pliers idea. The reasons that I like them:
1) When opened, the Leatherman is presenting the edges of a 'U' shaped piece of metal to your palm to grip, thus making it less comfortable to grip with any force.The Gerber has the open side of the 'U' towards the center, so you have a nice area to grip on.
2) With the Leatherman, you have to unfold each handle out from around the pliers subassembly. This takes two hands, or some interesting bracing against something.In the Gerber, the pliers subassembly slides out of the frame formed by the two handles. If you grip it right, a flick of the wrist extends and locks the pliers subassembly ready for use. Not much of a problem when you're on the ground, but if you are up a pole, or a mast on a sailboat, that one-hand opening can save you a lot of time and fiddling.
3) The Gerber has a pair of locks on the backs of the handles to keep the knife blades, the screwdrivers, and/or the files extended ready for use. I don't remember such a lock being present on the Leatherman -- though they may have added that feature by now. [ ... ]More likely, the major benefit is that it will weigh a bit less, but when it is in a pouch on your belt -- who notices?
I use the belt pouch. It is easier to reach when in an awkward situation.
I don't think *that* is a problem with any of the designs that I have seen.
Enjoy, DoN.