A quickly releasable vest capable of protecting a torso portion of a user is disclosed. The quickly releasable vest includes a self locking buckle assembly, a ferrule, an elongated strip, and a socket member. The self locking buckle assembly comprises a wedge fork with a base portion and a body portion, the base portion comprising a security means for webbing and the body portion comprising a pair of legs and a ferrule guide member. The ferrule is adapted to be slidingly disposed on the ferrule guide member. A proximal end portion of the strip is connected to a tape guide member of the ferrule. An opening on the socket member facilitates removably retaining and locking of a prong on each of the pair of legs. The wedge fork, ferrule, and elongated strip Is disposed on a torso panel and the socket member is disposed on the other torso panel.