For years now I have been carrying a Gerber multitool and a flashlight in a cordura pouch on my belt. It's the first piece of gear I put on at home when I head for the woods. I still do it because the pliers do come in handy on occassion, I use the file to touch up my broadheads, and the knife blades for general purpose work which keeps my hunting knife for field dressing jobs. A lighter version of the multitool might be a good idea though.
Thanks everyone. I did bring my Leatherman Wave with on my first DIY backcountry elk hunt-only used it once to cut off a branch to hang my bow and that was it. I do like REDMTN's idea of a mini tool-seems like the best compromise as I always like to have a pliers handy-
I have a Wave and Charge (Titanium). There is no difference in weight. The scissors can be used to cut nails or what not and the diamond file will make your knife sharp enough to shave hair. I know it is heavy but I won't part with mine. My biggest concern is my heavy knife. It is a tool for splitting should you need dry, core wood or chopping or prying. Keeps me warm at night when I dream about bear hunting.