Victorinox, the Swiss Army Knife company, has a new multi-tool designed just for cyclists.  The Bike Tool (item number 4.1329US1) is shown closed in the top image.  The bottom image shows the L-wrench with bit adapter, the eight bits that fit most screw types, and impact- and chemical-resistant plastic holder, and the tire lever.  The kit weighs only 3.5 ounces.  It’s available from Victorinox for $48.00.
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Check out the Topeak Rocket Ratchet- A much better tool for half the price:
http://www.topeak.com/products/Mini-Tools/RatchetRocket