I've carried and used the same one almost every day for over a decade in every condition and it is showing no sign of slowing down. No idea if Leatherman is more or less cucked than Gerber. Steel seems to be very high quality.

Lmao. Yeah, we had those too, but for some reason I was dumb & mostly collected office supplies & aircraft straps

It's probably a results may vary thing. I've heard good and bad about Gerber.

Gerber is slightly better than the walmart house brand multi-tool (which in my experience are shockingly good considering the price). The quality multi-tool is leatherman. I think they even make one or two crappy products as well. One of my co-workers recently bought a good one and it's as solid as my 20 year old one. The only thing I don't like about mine is it doesn't have replacable blades on the wire cutters and mine are dented to hell. I could probably send it back for a replacement, but then I'd have to buy something to have on hand while it's being replaced. Unfortunately, leatherman tools aren't cheap. If I worked in a place where theft or loosing a tool was common I'd definitely prefer the Gerber.

Does it have a built-in coathanger?

I keep a couple in a tackle box. Always around salt water and still slide very nicely. I do spray them with wd-40 every so often.