All Macgyver ever needed was a simple paperclip to escape any situation and he could have a cage sprung, door greased, car driving or boat cruising in a nanosecond. I don't know whats more outrageous: the fact the premise is so over the top or that Americans were actually buying this.
I do really love the idea though of this "utility" item. What would a planner's utility item be (beyond the internet)? Certainly this is where different styles would be evoked the loudest...