B.U.S.H. Steel: The B.U.S.H. Steel (Bushcraft Utility Survival Hollow-Handle) features a virtually watertight aluminum handle capsule for storing tinder and other emergency supplies. There is a button compass in the cap, and a lanyard is included. The 31" diameter ferro rod throws a shower of sparks for igniting your campfire, grill or whatever else you need to ignite.
Unlike matches or lighters, it is virtually unaffected by water, and is capable of hundreds if not thousands of strikes. The ferro rod is replaceable, and is held in place by a set screw, for which the wrench is included.