"These are a few of my favorite things" #2 - Drybox wallet

This is an odd choice for a "favorite thing" in that it has been replaced by the previous item in this series, but my last wallet was awesome too. These little dryboxes are meant for kyakers/boaters to keep their ID/cards dry, but they makes for a perfect little wallet for a few cards and bills. There's also the benefit of the lanyard, so that (a) if you have no pockets you can wear it around your neck or (b) if you're paranoid about being pick-pocketed you can strap it to your belt. This one will probably come back during the summer at some point. The only downside to these is that they only last about a year before the hinge breaks, but $10 a year isn't bad for a groovy wallet.