Best knife I've ever owned was my Myerchin A377P Rigging Knife. Solid stainless handle and blade, locking, folding, 3/4 cerrated 1/4 straight blade, and a fold out marlin spike. About $75.

Myerchin Offshore Crew Pro Rigging Knife

Take care of it, and it will take care of you.

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The Spyderco Dragonfly is a great knife. I carry mine every day and use it for everything from opening mail to cutting cardboard to sharpening pencils. It's heavy and durable, and the blade is totally legal for carrying around. Even though it's small, it's pretty intimidating to look at.
Spyderco Dragonfly

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Another vote for the Spyderco Dragonfly. It's just a really nice knife and stays super sharp.

Spyderco Dragonfly http://www.rockynational.com/3557_C28P_Spyderco_Dragonfly_SS-_Stainless_Steel_Plain_Edge.html

I'm very happy with mine.

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If you want a great knife that will last I would go with a Spyderco Caly 3
Its a proffessional yet everyday carry knife at $100. I've carried mine for 6 months and it is so adaptable to many tasks. The best part is that the blade is legal in many states so you don't have to worry about getting caught with a knife on you.

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