I have always been partial to the rattlesnake idea, many of these knives had a pommel that is composed of a series of globes that kind of/sort of resemble the tail of the rattlesnake and some do have a motto engraved saying" if this serpent bites you there is no remedy in the pharmacy" (or so I am told, it is not my translation) so a serpent motif makes sense to me. I do not think it was to warn others but just to appeal to the buyer, makers of small pocket weapons had to appeal to a young male market so a bit of flash and uniqueness helped to sell the piece.
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