My next pick is the Dumpster Mutt.

It's a unique combination of big knife and small knife. It's 5/16th sabre ground geometry is obviously not the most efficient, but its acute, sharp edge makes it very effective at cutting soft materials, and very effective for shallow cutting. And while it may not be the best cutter in other situations, it can still handle it, when necessary, albeit with lesser efficiency. (Though the small size and comfortable grip help bring back some of the cutting efficiency lost to the fat geometry.) Meanwhile, it is actually capable of some real chopping, and is tough enough for any splitting and prying tasks you can throw at it.

When you want to pare the size and weight of the knife you're carrying for an outdoor adventure as much as possible, but still want to be adequately prepared for anything, the DM has a remarkably broad scope of use in a remarkably small package.