A bracelet or flexible band comprised of a flexible member that on one end is interconnected to a knife and on another end, is connected to a sheath that selectively receives the knife in the locking fashion. When needed, the knife is rotated within the sheath to facilitate release thereof from a lock that is integral with the sheath. Once removed from the sheath, the knife can be used for self-defense, cutting rope or cord in an emergency situation, or for general utility cutting tasks.