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With this extender my Leatherman Wave is officially the handiest gadget I own. The extender fits perfectly in one of the elastic loops on the side of the nylon sheath. I also bough the Leatherman Bit kit, but the extender takes regular hex bits as well. I just used it 5 minutes ago to fix one of the cabinet slide rails on my work desk.
If you use the driver bits on your Leatherman a lot, you need this.
Bought to work with my Leatherman MUT. It's a good accessory. The rough grip section means it can stand alone with the Leatherman bits. You only have to attach it to the MUT if you want some serious torque.