The present invention relates to embodiments of a folding knife having a seat belt cutter on the blade tang. In one embodiment, a folding knife comprises a handle and a knife blade. The knife blade comprises a tang pivotably connected to the handle, and the blade is operable to pivot relative to the handle about a pivot axis extending through the tang between a closed position and an open position. The tang comprises an enlarged tang portion that extends outwardly from the handle when the blade is in the closed position, and the enlarged tang portion comprises a cutting portion.