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Half open pocket knife 

“Man that chick was hot. I’ve got a half open pocket knife in my pants.”

Gas Station Pocket Knife 

An individual that looks and acts tough, but is actually a pushover.

A bully or poser
"That Gas Station Pocket Knife started a shove match with a waiter for getting his girlfriend's order wrong, but he started crying after the waiter threw a punch."

canadien pocketknife 

A slang term for a broken bottle when used as a weapon
he grabbed a beer and made a Canadien pocketknife
The canadien pocketknife in my chest hurts

ooh i have a pocketknife

pocketknifes are useful tools for getting out of sticky situations. metaphorically, if you say “ooh i have a pocketknife” you mean that you have just thought of a way to get out of a sticky situation. it could also mean that you literally have a pocketknife on hand
example one:

person 1: i don’t want to go to the party because my ex will be there and we planned on going together

person 2: ooh i have a pocketknife! you could come with me to my sister’s preschool graduation!

example 2:

person 1: i need something to cut this rope
person 2: ooh i have a pocketknife!

rusty pocketknife 

The act of making love to dirty work pants, using ketchup for lubrication.
The janitor was caught doing a "rusty pocketknife", on the clock...

salty the pocketknife

x-rated slang for the male penis (which is why Dustin Diamond told me he appropriated it for his band name).
Hey baby, why don't you come over here and meet my friend salty the pocketknife?
salty the pocketknife by ann January 31, 2004