I did watch the video on bending paper clips with split ring hole. Maybe paper clips are stiffer in Europe because American paperclips do not make good fishing hooks. What I saw was fun, but, there are better ways to bend paper clips.
Using the split ring hole to crack coconuts would collapse the ring. Instead of damaging the way I carried the knife on a lanyard, I would rather split a coconut with a machete. You do know, coconuts are contained inside a much larger husk? A fresh coconut is about the size of a basket ball. The coconuts he was cracking are the type you buy in a grocery store. The husk has been removed. He would have had real trouble removing the husk with a SAK. While he was at the grocery store, he could have bought a metal mallet that would cost less, and would be stronger than the split ring hole. He would have to go to the Ace Hardware store across the street for a machete as grocery stores usually don't carry machetes. Super Walmarts stock machetes. While at the Walmart, buying husked coconuts, he could have gone to the hardware department and bought the proper tools for his ersatz ideas. And fishhooks.
The primary reason I stopped carrying SAK's was due to the lack of a decent set of pliers. I did buy one version with pliers, they were small, did not open wide enough to be useful, could not apply much leverage, and therefore they always slipped when much torque was applied the the task at hand.