A compact, folding tool permitting the exchange of implement sets, including one or more quick release mechanisms that are easily removed from a handle to release interchangeable implements; the tool further accommodating implement sets including different types and quantities of implements which are inhibited from rotating by an adjustable clamping force produced by the quick release mechanisms and optionally including over travel stops to obstruct implement rotation, or may rely solely on the clamping force provided by the quick release mechanisms to stabilize implements for use.