Bought a Leatherman Wave+ for home and outdoor. Not certain if I bought the Wave+ to have an excuse for a leather craft project, or if I really needed it.
Bought the wave+ Bi-Color version, so decided that the case (Sheath) will also have two colors.
Result as below. Did not cut round edges, which gives it a bit of a rough look, but I like it.
Started with a paper design: