That is the only way I had seen it done tell I was 13..
If your backpacking then I use a CUTCO Cutlery: Product Details
the drop point straight edge one. My wife bought if for me and wow.
When it get dull send it back and they will sharpen it again for $6.00.
It has skinned 9 deer and boned out 5. I only use it for skinning and boning due to the sharpness. I will not use it for gutting, way to easy to cut a finger really bad real quick..Use my trust pocket knife for that