I'm also surprised that some folks think big knives are a waste of money. I have one of those big ol' pig stickers, a Wenoka "Blackie Collins" limited edition, plus a small "navy seal" type knife. The big blade gets used all the time. I've cut thick rope, pried various objects loose from the bottom and used it to stick flounder. My little knife, mounted high up, is for just for backup, and I've never pulled it from the sheath underwater (well, maybe once or twice just to play.)
Things I bought, but regretted:
1)Benzomatic Decompression Computer (Never "recalled", I simply got a letter saying "DO NOT USE THIS COMPUTER. YOU WILL GET BENT. " Unfortunately, this was after I did about 150 dives on it. I didn't get bent. Its still in my closet somewhere.
2) A $200 "fairing" for my AtPac. I was a teenager, and I thought the AtPac fairing looked futuristic, like something from a Cousteau special. It completely enclosed my tank, first stage and back inflation in a streamlined fiberglass shell. The only thing missing was a matching light helmet. I epoxied it white (it was originally lime green), put on some fancy decals and thought it was cool. I made one dive trip with it before figuring out that it made changing tanks an ordeal and that it increased my drag in the water about a zillion percent. I sold it at a yard sale for 10 bucks.
3) A pair of Godawful USD fins that I used only once. They had some sort of "tunnel' that ran the length of the blade, which was supposed to be superior to the "jets" of the then patent protected jetfin. Stiff, heavy and inefficient, they were worse than useless. I was biased against USD for years after wasting my money on those crappy fins.