This command works backwards through your inventory, equipping you with the item that is the previous selection of what you currently have out. That means that using this command when you have your knife out equips your pistol, and using it with your pistol out equips your rifle (if you have one).
|Client or Server Command?||Client|
Find below working examples of this command (copy and paste into console).
Equips the previous item in your inventory to what you currently have equipped/drawn.