One thing I have always wanted to get my hands on is a hammock/shelter. The hammock has many advantages. It is way more comfortable than sleeping on the ground. The hammock is super light which is very important when hiking and carrying everything you need in your pack.
The Hammock eliminates the need to carry:
2.) Sleeping pad
3.) In warm weather you could conceivably ditch the sleeping bag as well.
The tent is the big weight saver and the sleeping pad although light and compact (depending on the model) can still be awkward to carry or position on or in your pack.
The hiking hammocks usually have built in mosquito netting and a rainfly to keep you dry. I would just put my pack under the hammock when sleeping to keep it from getting rained on.
Hammocks are better on your back and they are low impact on the environment. Contrary to what some folks say they do not damage trees if they are setup properly. I have seen them in use and they are extremely easy to setup and extremely comfortable.
Some vendors who make nice hammocks:
Clark Jungle Hammocks - I want one of these bad boys.
Eagle's Nest Outfitters
Trek Light Gear
...that is all.
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