Um, it's United Cutlery so I'm guessing the steel is none too spiffy. But that would only be strike one. I don't know what you mean by "use it as a regular knife," but I assume you're talking about opening boxes, cutting cord, dressing animals and so on. I have a number of drop-point knives and other, less ninjarific, blades that will do that sort of thing much better, and without the little finger-loops getting in the way. Add to that it has serrations, which I don't like either.
And besides, even if I were going to stash it somewhere as an emergency back-up weapon, I'm not sure I want that scary-looking thing as exhibit A in my homicide trial. In fact, that knife is so far from my idea of what a knife should be, that I don't want it around at all.
If you think you can use it though, PM me with your address, and I'll let you give it a good home.
Hey, guys, thanks for the suggestions about cutting off the knuckle dealies. It's a metal handle, though, and I don't really want to go to all that trouble. Hopefully SomeKid will enjoy using it. As a regular knife.