Since it's on my person, I'll have it even if a bear drags my pack away. The best gear in the world won't do you a bit of good if you don't have it when you need it.
Fire starter cube
Single-edged razor blade
Waterproof matches
6 feet adhesive tape (rolled around matchstick)
Water-treatment tablets
Button compass
8 small fishhooks
8 split-shot sinkers
4 butterfly closures
2 small bandaids
4 regular bandaids
P-38 can opener (the kind which GI's used
to get with C-rations)
Wire saw
50' monofilament fishing line
Magnesium match fire starter
2 condoms (unlubricated) for water storage