My brother got my boys (ages 9 and 7) pocket-knives for Christmas. He has a long and illustrious history as a REALLY cool gift-giver.
Christmas morning, Lee (age 7) came to me to get a band-aid. Only moderately alarmed (because I realized that he'd be screaming if he were REALLY hurt) I asked "Is that a cut!?!" to which he responded "No, its not a cut. Its a ..... ummm ... its a BLEEDING SPOT!"
Because we all know that a "cut" will get your new knife taken away, but a "bleeding spot" will get you some sympathy and a band-aid.
Creative child. Keep a close eye on that one! LOL!